"But what if it crashes?"

[macson]

At least when Bitcoin crashes, we know it will recover and even reach a new all-time high, since it has much better fundamentals. Compare this to fiat, where its supply is unlimited and its value decreases over time. It's like a failed system that will only harm those who hold it.

So, I'm more confident in holding Bitcoin than fiat. Even though it's more volatile now, its potential is far better and it's more reliable than the fiat system.

[Fivestar4everMVP]

 

At least bitcoin crashes honestly.

Bitcoin crashes is absolutely different and I did see this as in insult if anyone would compare bitcoin crashes to all of that that you mentioned/talked about...

Anybody with a very good knowledge and experience in crypto will know that bitcoin crashing is more positive than negative, where fiat (for example) crashes and leaves an everlasting negative impact which will even be felt by the next coming generations, bitcoin crashes is a positive vibe for those who understand how the market works, for this is how the next wave of millionaires are made, this is how the next set of financially stable individuals are made..

Bitcoin crashed, until this very day has remained more of a buy opportunity, because after every crash, it rises again and those who bought during the crash make good profit when the price rises again.

[Marykeller]

At least bitcoin crashes honestly.

Anything that is made by man will someday crash, no matter how long it takes.
What makes Bitcoin crashes different from all the man-made things is that, whenever it crashes, the tendency for it to bounce back is there, compared with others. And the majority of investors see that as a good opportunity to enter the market to get Bitcoin as cheap price

[CryptoHeadlineNews]

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

At least bitcoin crashes honestly.

Yes, it's true that Bitcoin indeed crashes, but later bounces back spontaneously with full momentum far better than the rest assets you just compared it with above (i.e fiat, rent, food, and retirement). And that's what make Bitcoin unique among them all, and a more reason why we needs to prioritize investing in it, despite how the Bitcoin market may be claimed to have crashed recently as it dropped from $110k to below $90k.

However, Bitcoin crash is invariably a more positive impact than a negative one, due to the fact that it gives investors the opportunity to accumulate more Bitcoin to which they weren't when it's value was high.

[Distinctin]

At least when Bitcoin crashes, we know it will recover and even reach a new all-time high, since it has much better fundamentals. Compare this to fiat, where its supply is unlimited and its value decreases over time. It's like a failed system that will only harm those who hold it.

So, I'm more confident in holding Bitcoin than fiat. Even though it's more volatile now, its potential is far better and it's more reliable than the fiat system.

That is the advantage of bitcoin from fiat. When fiat crashes, we all know that will be its current system and recovery might be far impossible to happen. That is why are are seeing fiat's value continue to depreciates in time.

However, bitcoin is known volatile from the very beginning. No matter how its value crashes and shows price decline, we all know that its just a temporary scenario, eventually it will slowly recover and gets back to its original price, and could even reach its new ATH along the way.

[Wind_FURY]

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.

Pardon me, but I'm not trying to offend you, ser. I admit, I may have misunderstood the essence of your writing, but please, explain what is an honest crash?

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.
 

Generally, "crashing and surging for a variety of reasons", ser, are behaviors that all depend on how much liquidity there is available in the system. The Central Bankers' Monetary Policies, are the root cause of all these Boom/Bust Cycles.

It's also why Satoshi invented Bitcoin, because the Central Bankers' main Monetary Policy is to always expand the money-supply, and therefore always increases Bitcoin's market value.

 

[nemesis_incarnate]

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.

With that, I can agree.

Profit is at helm, not something else, ideals that BTC upholds are the purest to this date in the space, imo.

[boyptc]

They want to settle for that 2% inflation as a reasonable increase but that's a consistent one and on top of that, there will be other increases aside from it.

Wages don't increase often and they complain that bitcoin is crashing. But they have to zoom out and check the charts.

It crashes temporarily and it bounces back even farther and higher from the crash that it just did.

[henry_of_skalitz]

They want to settle for that 2% inflation as a reasonable increase but that's a consistent one and on top of that, there will be other increases aside from it.

Wages don't increase often and they complain that bitcoin is crashing. But they have to zoom out and check the charts.

It crashes temporarily and it bounces back even farther and higher from the crash that it just did.

Partially thanks to the system that keeps printing the stuff that can go toward BTC.

 

But, overall - it would happen anyways, but with a slower rate if fiat was not as flawed as it is.

[The Cryptovator]

Haven't we encountered such a crash during COVID? The economy was almost crashed along with Bitcoin. Unless there were vaccines, then we had to suffer longer. If fiat crashes, then the economy will definitely crash; we can't ignore the situation at all. Even if you are holding Bitcoin, you still have to suffer, because at the same time Bitcoin itself will crash.

If a global crash happens, then everyone has to suffer unless you are a billionaire. Even billionaires have to suffer, though they could survive easily. But for us who are middle class, if we can't withdraw money from the bank, then it will be the worst situation. There is no instant solution at all; we have to struggle a couple of years to settle the situation. Hope this situation will not happen worldwide.

[Odohu]

So we can boldly say that everything crashes including fiat, stocks and even Bitcoin. I don't know why that of Bitcoin should receive so much backlash if we know that it happens to everything. Well, while the rest of the world panic that Bitcoin is crashing, those of us that know better should take advantage of the crash because our confidence is that after the crash comes the recovery which will be fierce. History have not failed us in Bitcoin and it will not fail us now.

[Rufsilf]

At least when Bitcoin crashes, we know it will recover and even reach a new all-time high, since it has much better fundamentals. Compare this to fiat, where its supply is unlimited and its value decreases over time. It's like a failed system that will only harm those who hold it.

So, I'm more confident in holding Bitcoin than fiat. Even though it's more volatile now, its potential is far better and it's more reliable than the fiat system.

That's the advantage of bitcoin, due to its high volatility, it would be easy for bitcoin to crash and it would be easy to recover then, and even surge high until a new ATH is achieved. So if ever bitcoin is experiencing a price decline, that's just its own way of preparing us for bitcoin's new peak price, even though it could case some panic to newbies.

With fiat, seeing its value continue to depreciate, I guess that's for good. We should get used to it. And to remind us that fiat can't save us from inflation, but bitcoin can. Spend your fiat, but invest in bitcoin and hold.

[Shishir99]

What makes me like bitcoin more is yes it is down now but I am confident it won’t be in a few years something we can’t really say about other assets. At least even though I am not going to make profit with bitcoin right now, I can be confident that in a fe years time my money would have grown.

That is the game, and not everyone understands it. I won't say people cannot be confident with other assets. You can predict that most metals will tend to increase in price over the long run. The land price will continue to rise as we have limited land available. The logic is basically the same. If scarcity increases, demand increases, and the price will rise. Some of us like Bitcoin because of its volatility. We are aware of the risk, but we are also mindful of the potential.

[betswift]

So we can boldly say that everything crashes including fiat, stocks and even Bitcoin. I don't know why that of Bitcoin should receive so much backlash if we know that it happens to everything. Well, while the rest of the world panic that Bitcoin is crashing, those of us that know better should take advantage of the crash because our confidence is that after the crash comes the recovery which will be fierce. History have not failed us in Bitcoin and it will not fail us now.

Because it's a newbie in the space, relatively speaking.

And for others, especially oldies, that's the reason they backlash at it.

[Versatile_choice]

It means that whatever humans create crashes because humans themselves crashes at old age. Will I say that's the fate of nature for human because we have flaws. The ozone layer is also crashing. Maybe, anything that is important to human or anything human uses will crash. The good thing with bitcoin is that after crashing it bounce back and perform better. Keep stacking.

That's true, and Moreover bitcoin have not even get to it's peak price so definitely it will still bounce back after crash must have taken place, so the best thing to do now is to keep stacking, those who were seriously waiting to buy the dip now is the time to do that. Why those that started earlier when the price was expensive need to be more aggressive this time so as to enable them front load thier investment because I'm beginning to see a sign of increase in the price.

We shouldn't be scared to continue making our bitcoin purchase now that the market is down, because opportunities only come but once and not twice so we need to make sure that we are doing the right thing.

[suzanne5223]

They want to settle for that 2% inflation as a reasonable increase but that's a consistent one and on top of that, there will be other increases aside from it.

Wages don't increase often and they complain that bitcoin is crashing. But they have to zoom out and check the charts.

It crashes temporarily and it bounces back even farther and higher from the crash that it just did.

What you stated here, I believe, was the reason the OP pointed out that Bitcoin crashed in honesty because the concept of its creation was somehow community centric instead of fiat currency, which was based on inequality, and the Fed's manipulation through the adoption 2% inflation that's keeping fiat currency and the country economy while the common man as used as the prey.

[WhoYouCantKill]

You are just pointing out the frustration a lot of people feel, and it is purely understandable. The present system has real errors, with inflation hitting the ordinary people hardest. Bitcoin really provides transparency and equally an alternative which is not under the control of governments, yet it equally swings broadly and also not a perfect shelter. Questioning both sides is fair: fiat has the tendency to quietly drain you of your wealth, on the other hand Bitcoin would test your nerves. A view that is balanced would help — remain informed, diversify, and do not depend on any particular system to save you.

[fikrett]

You are just pointing out the frustration a lot of people feel, and it is purely understandable. The present system has real errors, with inflation hitting the ordinary people hardest. Bitcoin really provides transparency and equally an alternative which is not under the control of governments, yet it equally swings broadly and also not a perfect shelter. Questioning both sides is fair: fiat has the tendency to quietly drain you of your wealth, on the other hand Bitcoin would test your nerves. A view that is balanced would help — remain informed, diversify, and do not depend on any particular system to save you.

As for now, you can't go forward without combining both worlds together, but who knows what future holds.

Crypto is as adopted as it should be, but it all changes at a drastic speed.

[ThemePen]

Haven't we encountered such a crash during COVID? The economy was almost crashed along with Bitcoin. Unless there were vaccines, then we had to suffer longer. If fiat crashes, then the economy will definitely crash; we can't ignore the situation at all. Even if you are holding Bitcoin, you still have to suffer, because at the same time Bitcoin itself will crash.

If a global crash happens, then everyone has to suffer unless you are a billionaire. Even billionaires have to suffer, though they could survive easily. But for us who are middle class, if we can't withdraw money from the bank, then it will be the worst situation. There is no instant solution at all; we have to struggle a couple of years to settle the situation. Hope this situation will not happen worldwide.

Yes in face of big crash in world, idea that Bitcoin is totally safe is myth, since when people need fast cash, they sell everything, including Bitcoin, and it crashes with rest of economy. When normal banking system fails, your Bitcoin will not help you get away from real life issue of being unable to buy food or fuel, and even though billionaires will be able to survive due to their varied wealth, middle class is at high risk because their money is held in banks and other less easy to sell investments, and thus they will have to struggle for years to recover after system wide crisis.

[Son Of Blockchain (SOB)]

Bitcoin don’t crash. It makes a correction. A correction is a small detail in the big picture… or zoomed out chart. A crash is on the other hand something people should be worried about because it has the potential to be a permanent state.

The only thing that makes me raise my eyebrows is the cost of mining a bitcoin.

This source (https://en.macromicro.me/charts/29435/bitcoin-production-total-cost) says it is around 108k usd to mine a bitcoin and the price of a btc is below $90k atm which means miners are mining for a loss.

Then either miners will have to capitulate or the price will have to rally to save the miners.

I get your point but regardless of how you want to twist it, yes Bitcoin crashes but not permanently, which is why the crash is nothing to worry about cause Bitcoin is controlled by demand and supply. In the sense that when big players or large number of holders sell it dumps and when they buy it's pumps.
 Although different people use different terms when Bitcoin undergoes correction. term like "dip", "dump", "bearish", "crash" and they're all correct since they all relate with the market going down, so the fact that most people use "crash" doesn't mean it would permanently drop without pumping again. Atleast people who understand it well can testify that Bitcoin has never dumped and failed to pump again after a while, it definitely does so far there's a demand for it.