"But what if it crashes?"

[Zlantann]

At least bitcoin crashes honestly.

Economic lectures are filled with lies. The government will always tell the people what they want to hear.  They project how prosperous the economy will be if they carry out the polices they have outlined. When these Economic polices fail, they still have excuses to give. It is difficult to hear those in government take responsibility for the poor management of the economy; rather, they always have a reason why they failed, and they will tell us how hard they tried to succeed.

Bitcoin is indeed honest. At least those who are involved in Bitcoin know that there will always be a bear and bull market, so they are prepared for these events. The government will never tell you that fiat will keep depreciating. Rather they will tell us to keep faith and never buy Bitcoin.

[tbct_mt2]

Economic lectures are filled with lies. The government will always tell the people what they want to hear.  They project how prosperous the economy will be if they carry out the polices they have outlined. When these Economic polices fail, they still have excuses to give. It is difficult to hear those in government take responsibility for the poor management of the economy; rather, they always have a reason why they failed, and they will tell us how hard they tried to succeed.

At the second bailout of bank system, Bitcoin was created, and years after that while governments globally have been printing money more and more, to make considerable inflation and result in decrease of purchasing power of their fiat currencies, people in many nations have to find alternatives against these problems. They see Bitcoin as an very good investment asset against inflation and they no longer trust governments, central banks and fiat currencies.

Whatever governments try to say in their national propagandas are not too important and convincible with citizens who with time have become more knowledgeale about these problems and also realized huge potentiality of Bitcoin.

[₿itcoin]

Look around you. Everything's crashing. Fiat currencies are on life support, kept alive by printers and media propaganda.

At least bitcoin crashes honestly.

Fiat money, like your savings account, your salary etc also known as state money is currently being slowly eroded by inflation &  excessive money printing. When rent, food &  other expenses increase, your money in fiat cash loses value. You know Bitcoin supply is fixed, it  can not be printed out like fiat money this is the main reason we consider it as an ethical strategy to save our money

Holding bitcoin is somethin  like protecting yourself from the slow erosion of your purchasing power. So, yes fiat currency may be slowly losing value &  may crash over time &  Bitcoin sometimes crashes violently however  its scarcity gives you a chance to keep its true value intact in the long run

[Ever-young]

Complaining itself is part of the journey for adaptation is a most and of course what we are very good at, it is not funny though but it is what it is and only the ignorant perish in resentments rather than working towards standards stability and sustainability. Is a free world and anyone can act according to their own level of understanding, Bitcoin is already far better than it was from creation and those making funny gist about it doesn't really know what are doing because if they do they will say otherwise but nevertheless time is a factor of change.

Well the truth is that, no matter how Bitcoin chooses to be, there’ll always be skeptics and critics. But I’ve come to understand that most of the people who end up turning on Bitcoin are those who went into bitcoin as a result of FOMO and without having even the slightest knowledge or understanding of how volatility works, and when things took an unexpected turn, they ended up making impulsive decisions as a result of their ignorance, and then they automatically conclude that Bitcoin is a failure, without realizing that they were the failures.

[reefsea]

In this case there is really no “but” for me. After all, volatility has always been an unavoidable characteristic for bitcoin and we cannot just expect bullish without wanting bearish because after all this is the part that we have to go through from the beginning as a form of our process in bitcoin.

Everything needs balance and couples as well as in volatility so that we don't just keep hoping for an increase that occurs without a correction because after all it is part for bitcoin to continue to develop its potential for the better.
Manage our emotions well, don't let conditions like this interfere with thinking and trying to let go of what we have been holding because when we let go then the possibility of us getting will be increasingly difficult.

[DPHOR]

At least bitcoin crashes honestly.

Bitcoin crashing is a bit understandable because there will be some certain time were it would increase back even above its previous price range, but the afore mentioned things can't decrease back while bitcoin will be able to increase back. This simply implies that we can trust bitcoin more than we trust every other things including fiats as the inflation is increasing the purchasing power is also increase while fiat becomes more useless as it won't afford reasonable things as before.. Let say for instance; those who made savings on fiat 20 years ago have really lose the value of their savings because what that particular amount will be able to do and now is not the same.

[Natalim]

Look around you.

Everything's crashing.

Fiat currencies are on life support, kept alive by printers and media propaganda.

I agree  that all fiat currencies are crashing. But basically every other asset is in ATH or close to it.

Gold, basically all metals, , sp500 , all stock market around the globe (even emerging markets) are on ATH.

I belive that it is not that those assets are going up, but fiat currencies are going down

Bitcoin is in an interesting and promising situation in all that crazy thing happening to fiat currencies.

Everything that evolved with money are all crashing, this is why we don't have to stick on fiat alone, but take time to invest in other assets as well, most particularly gold and bitcoin. Gold is definitely on rise today, while bitcoin is currently having its bearish market, so its normal to witness price declining, but after dew days, we will see bitcoin on the rise again, leading to its new ATH, as this is what mostly happened after every fall.

Fiat is good because its our official currency, but investing into assets like gold and bitcoin makes you a wiser investor.

[Wind_FURY]

Hear you OP. Quality of quality is crashing. Trust is crashing. Faith. Belief in what we're doing. Bitcoin's crash really seems to be as clear cut as things can be.

?  

How "clear cut" is it? What was "clear cut" about it, AND what was the cause of the crash?

The point of why I'm asking is, it's laughable that OP could say an "honest crash". A price "crash" is merely a market that has more sellers than buyers, or perhaps a liquidity crisis, or a lack of flows caused by Central Bank tightening, or it could probably be caused by a market panic.

A crash is neither honest nor dishonest.

[CryptoYar]

That is strong and clear attack on whole old system, in which you say that problem of honesty is main issue. According to you, printing of money by central bank makes our savings useless because of inflation and because of huge real life problems such as higher rent and low food quality. Unlike old system of fiat, where crashes are bad and hidden under cover of technical words and bailouts, you say that when Bitcoin crashes, it does so without any dishonesty and on public ledger, making such openness main reason to trust the spread out asset over old system.

[BlackHatCoiner]

A crash is neither honest nor dishonest.

You're either incapable of understanding the essence of my writings, or purposefully trying to make an argument for the sake of arguing. You're completely missing the point. Another guess is that you're gullible and don't know how systematically corrupted fiat is. Maybe it is a combination.

In your first post, you were also somehow led to the conclusion that bitcoin is crashing because of "Monetary Policy" being "more about tightening than expansion." Bitcoin is not crashing because of either. It is crashing and surging for a host variety of reasons, from liquidations & inside information, to simply plebs stacking sats and selling for Christmas.

[WatChe]

Fiat money, like your savings account, your salary etc also known as state money is currently being slowly eroded by inflation &  excessive money printing. When rent, food &  other expenses increase, your money in fiat cash loses value. You know Bitcoin supply is fixed, it  can not be printed out like fiat money this is the main reason we consider it as an ethical strategy to save our money

Holding bitcoin is somethin  like protecting yourself from the slow erosion of your purchasing power. So, yes fiat currency may be slowly losing value &  may crash over time &  Bitcoin sometimes crashes violently however  its scarcity gives you a chance to keep its true value intact in the long run

Despite all odds our lives are tightly coupled with Fiat for daily livings. Meanwhile Bitcoin has shown massive increase in it's value that is well enough to beat the inflation rate. Those of us who are doing job must invest in Bitcoin and then hodl it for long term because that's a good way of beating inflation. Inflation is here to stay and will increase with time, now it's our responsibility to take necessary measures to counter it in the long run and we are lucky to have Bitcoin available as an option that has bright past and promising future.

[letteredhub]

Traditional banks do crashes to ground zero and yet people still make deposits, and savings with the banks no matter how one after another crashes. And yet when you talk about bitcoin, same set of people would be so fast to ask you, what if it crashes.
I do always reply them with, what if it doesn't! Life is about risk of you must grow financially you must take risk, calculated risk of course. If you fear it might crash, why don't you risk the amount of funds you can afford to lose, and stop being pessimistic with what others are making plans for the future with.

Treating your funds responsibly, as well as your coins, is the skill that would save anybody tons of nerves, time, and said funds, respectively.

Sadly, only with experience people do grasp the idea of it being so important..

Having the skills to manage your risks that you be  trading with results that puts you in much profits with a lower deficit from bad trades is  goal not many traders fulfills. Though the topic on ground isn't mainly lasered on traders since they do go in and out of the market within a short time, it's rather about bitcoin investors with bitcoin holdings in long term, sighting an expression of uncertainty and fear of  bitcoin crashing with all the holdings in ones portfolio. However, the confidence on bitcoin not crashing is hanged on it's history and challenges it has outgrown and continuous to as it gains more and more adoptions into/from various industries and governments.

[tbct_mt2]

Having the skills to manage your risks that you be  trading with results that puts you in much profits with a lower deficit from bad trades is  goal not many traders fulfills. Though the topic on ground isn't mainly lasered on traders since they do go in and out of the market within a short time, it's rather about bitcoin investors with bitcoin holdings in long term, sighting an expression of uncertainty and fear of  bitcoin crashing with all the holdings in ones portfolio. However, the confidence on bitcoin not crashing is hanged on it's history and challenges it has outgrown and continuous to as it gains more and more adoptions into/from various industries and governments.

Trading is risky and if you can not manage your finance, your trading capital and risk well, you will have very big loss in trading. Use stop loss order, stop limit order is like very basic but important for your trading too.

It's especially important when cryptocurrency market likely turns its bullish trend to bearish trend soon in coming months. In past market cycles, there were black swan events like BitMex, Bitconnect, FTX, Terra to trigger or to bottom the bear market, and trading in such wildly chaotic months is very dangerous. It is safer to cash out your money, stay outside the market, avoid trading in bear market if you are not experienced and feel like you have very high risk of losing control of your emotion and trading decisions.

Holding is only safe with Bitcoin, and Ethereum or BNB, while with other altcoins, hodling them in a bear market is like living with nightmare.

[nemesis_incarnate]

Hear you OP. Quality of quality is crashing. Trust is crashing. Faith. Belief in what we're doing. Bitcoin's crash really seems to be as clear cut as things can be.

Meanwhile, we're all (most anyway) still using Bitcoint the way we always have. With more decimals than a few years ago, with surely more decimals the coming few years.

Can you expand on your thoughts, please?

What is "quality of quality"?

[hmbdofficial]

Look around you.

Everything's crashing.

Fiat currencies are on life support, kept alive by printers and media propaganda.

Your savings account? A hospice bed for purchasing power that died years ago.

Your retirement plan is two decades of back pain and a government apology that says "We're sorry, the funds aren't there."

The food quality is crashing. Because it'd either be the quality, or food would have its own altseason.

Your rent is also crashing. Just upwards.

Fiat crashes with bailouts, supercommittee emergency meetings and "temporary liquidity injections."

All that while "economists" lecture you on "monetary policy" and why a 2% inflation rate is a reasonable target.  

At least bitcoin crashes honestly.

Honestly you are thinking like this. but I don’t really blame you because you are worried about the situation you find yourself in it that eventually happens.

One thing that is clear is that even if that happens satoshi already had the thought before coming up with the idea of bitcoin.

The kind of cryptography that bitcoin work on is nothing close to what you think may likely happen and that is why they had the public ledger where all transactions are stored.

It’s also the reason why the bitcointalk forum was created just to have proper documentation of every information about bitcoin.

Satoshi was really ahead of us when he started the whole  idea of bitcoin and he thought of all this possible challenges and provided adequate solutions to each of them that just need to be updated with new features when needed

[FortuneFollower]

Having the skills to manage your risks that you be  trading with results that puts you in much profits with a lower deficit from bad trades is  goal not many traders fulfills. Though the topic on ground isn't mainly lasered on traders since they do go in and out of the market within a short time, it's rather about bitcoin investors with bitcoin holdings in long term, sighting an expression of uncertainty and fear of  bitcoin crashing with all the holdings in ones portfolio. However, the confidence on bitcoin not crashing is hanged on it's history and challenges it has outgrown and continuous to as it gains more and more adoptions into/from various industries and governments.

If we would put it simply: if you know what BTC is, how it behaved through the years that passed and why it's still out there and becoming more relevant than ever - you will never sell out on a dip or correction

[Ayebabara]

In every sector, people are influencing in various ways by resorting to lies. In economy, education, medicine, food, people are no longer seeing any progress. There is a matter of artificiality at every level, only Bitcoin is moving in its own direction at its own pace. The government is not able to intervene here in any way. Sometimes Bitcoin is bullish and sometimes it becomes bearish, Bitcoin can move at its own pace, but in other cases, it has become much more difficult to think like this these days. Bitcoin will remain the same in the future, but even if the price increases due to increased demand, it will continue naturally.

The price will surely increase because of the increased and great demand for it but it will not cease like other coins
 Bitcoin has become more relevant than even some currencies and it will continue being that

[buwaytress]

Can you expand on your thoughts, please?

What is "quality of quality"?

It was a bit cynical but I was referring to a general lowering of standards across the board.

Quality used to imply "very good". Now it just means a certain standard, which seems to get lower. What's a quality coin? What's a quality investment? What's quality of life?

Everything seems to be made to not last. Including projects and ideas post-Bitcoin.

[Z-tight]

It’s also the reason why the bitcointalk forum was created just to have proper documentation of every information about bitcoin.

Lol, what are you talking about, bitcointalk is simply a forum for people to discuss about BTC and other crypto subjects. What documentation are you talking, BTC is a decentralized network, there is no such thing like this. And in case you do not know, this forum is centralized and the administrators are in control.

[Kagaru]

In this case there is really no “but” for me. After all, volatility has always been an unavoidable characteristic for bitcoin and we cannot just expect bullish without wanting bearish because after all this is the part that we have to go through from the beginning as a form of our process in bitcoin.

Everything needs balance and couples as well as in volatility so that we don't just keep hoping for an increase that occurs without a correction because after all it is part for bitcoin to continue to develop its potential for the better.
Manage our emotions well, don't let conditions like this interfere with thinking and trying to let go of what we have been holding because when we let go then the possibility of us getting will be increasingly difficult.

Personally, I do not fear volatility, but I believe that it is a lesson of where I am. When the prices decrease, a lot of individuals will sell in a panic and end up regretting it once the prices start increasing once more. This emotional variation is the worst. It is the people who can control themselves that reap the profit in the end.

And you are correct, when there is no correction, there is no constant growth. What rises will fall a notch, it is as natural breathing of the market. I believe that when you have a long-term mindset, then such variations actually present opportunities. What you need is not to rush into decisions when you are understress.