Is Bitcoin going up endlessly?

[CaptainLorca]

Hey,

one of my showerthoughts from yesterday. Bitcoin has a value. The value increases. Its similar to the supply and demand bascis. I explain it a little further..

Bitcoin has a specific value at specific times. Thats a law.. doesn'T matter if its 2 seconds ago or in 500 days in the future. But being able to buy that stuff affords money. And as the price increases there will be somewhen a point where no bitcoin can be bought or will be bought. Thats the extreme case.

It works like capitalism.. somewhen you just have fed all mouthes and no one wants more.. but you still got something to eat. That will become trash. 

But what does that mean for Bitcoin? Well, if the value increases too high and everyone is satisfied OR you cannot sell it anymore, because it got expensive, it could become an overkill for the system. In that case Bitcoin has two choices, if you ask me:

1. Collapse. Total failure. Thats what happens when a form of economy reaches the end. Will also probably happen to capitalism.
2. Accepting Bitcoin as absolute payment possibility full implemented to worlds economics. That would kill of course the ongoing speculation game, but that would be a chance. With that comes also regulations.

Not sure if I brought my thoughts correctly to paper yet.. but lets talk about it. What do you think? Is there a definite end for every Crypto? 

 

[Kate]

5 minutes ago, CaptainLorca said:

Hey,

one of my showerthoughts from yesterday. Bitcoin has a value. The value increases. Its similar to the supply and demand bascis. I explain it a little further..

Bitcoin has a specific value at specific times. Thats a law.. doesn'T matter if its 2 seconds ago or in 500 days in the future. But being able to buy that stuff affords money. And as the price increases there will be somewhen a point where no bitcoin can be bought or will be bought. Thats the extreme case.

It works like capitalism.. somewhen you just have fed all mouthes and no one wants more.. but you still got something to eat. That will become trash. 

But what does that mean for Bitcoin? Well, if the value increases too high and everyone is satisfied OR you cannot sell it anymore, because it got expensive, it could become an overkill for the system. In that case Bitcoin has two choices, if you ask me:

1. Collapse. Total failure. Thats what happens when a form of economy reaches the end. Will also probably happen to capitalism.
2. Accepting Bitcoin as absolute payment possibility full implemented to worlds economics. That would kill of course the ongoing speculation game, but that would be a chance. With that comes also regulations.

Not sure if I brought my thoughts correctly to paper yet.. but lets talk about it. What do you think? Is there a definite end for every Crypto? 

 

Well when the price goes high ofc people wont buy it that much but some exchanges have btc to some specific coin exchanges only so the people who wants those specific exchanges will buy btc to exchange to that specific coin so I dont think btc will stop the buy and sell in the future 

[CaptainLorca]

I'm talking about something that can happen. Its a worst case and unlikely to happen, but its more than possible to happen. 

The market could get struct by it and if BTC goes down at that moment, it will drag the altcoins with it. Maybe not to death, but far down. 

[Kate]

3 minutes ago, CaptainLorca said:

I'm talking about something that can happen. Its a worst case and unlikely to happen, but its more than possible to happen. 

The market could get struct by it and if BTC goes down at that moment, it will drag the altcoins with it. Maybe not to death, but far down. 

Well for bitcoin dragging the altcoins whne btc rised it didnt happen so thats out that theory is wrong now

[CaptainLorca]

2 minutes ago, Kate said:

Well for bitcoin dragging the altcoins whne btc rised it didnt happen so thats out that theory is wrong now

Stop shitting around. If you have some knowledge about economics, you would write something more useful and not something kids say that believe / hope that Bitcoin is immortal. Bitcoin is not a fairytale, its bitter truth.

If Bitcoin dies, due to economic facts, the trust in Crypto will be shaken and that will drag down the Alts, no exception.

[Kate]

6 minutes ago, CaptainLorca said:

Stop shitting around. If you have some knowledge about economics, you would write something more useful and not something kids say that believe / hope that Bitcoin is immortal. Bitcoin is not a fairytale, its bitter truth.

If Bitcoin dies, due to economic facts, the trust in Crypto will be shaken and that will drag down the Alts, no exception.

First of all I aint shitting around. Bitcoin isnt immortal I know but I just said that there is a theory everyone used to believe that "if bitcoins rise then altcoins will also and if it drops then altcoins also will" But this time when bitcoin rised to 8k the altcoin instead of rising dropped. If you arent updated with theories then dont like talk at all.

You say me to google right then google it and see for yourself or should I link you this ? https://www.google.co.in/search?q=bitcoin+rises+but+altcoins+doesnt&oq=bitcoin+rises+but+altcoins+doesnt&aqs=chrome..69i57j33.8462j0j7&client=ms-android-samsung&sourceid=chrome-mobile&ie=UTF-8

There are theories from 2017 also. I explain a theory and u think its shit learn dude first

[CryptoAnt]

23 minutes ago, CaptainLorca said:

Hey,

one of my showerthoughts from yesterday. Bitcoin has a value. The value increases. Its similar to the supply and demand bascis. I explain it a little further..

Bitcoin has a specific value at specific times. Thats a law.. doesn'T matter if its 2 seconds ago or in 500 days in the future. But being able to buy that stuff affords money. And as the price increases there will be somewhen a point where no bitcoin can be bought or will be bought. Thats the extreme case.

It works like capitalism.. somewhen you just have fed all mouthes and no one wants more.. but you still got something to eat. That will become trash. 

But what does that mean for Bitcoin? Well, if the value increases too high and everyone is satisfied OR you cannot sell it anymore, because it got expensive, it could become an overkill for the system. In that case Bitcoin has two choices, if you ask me:

1. Collapse. Total failure. Thats what happens when a form of economy reaches the end. Will also probably happen to capitalism.
2. Accepting Bitcoin as absolute payment possibility full implemented to worlds economics. That would kill of course the ongoing speculation game, but that would be a chance. With that comes also regulations.

Not sure if I brought my thoughts correctly to paper yet.. but lets talk about it. What do you think? Is there a definite end for every Crypto? 

 

There definitely is an end for all cryptocurrencies, but in my opinion I believe we are at such early stages of this crypto-age that we probably won't be around when crypto plummets to its end. I think the fact that BTC has already gained this "hype" and traction in society it will become regulated (not soon) and used as an absolute payment across world economies. 

[CaptainLorca]

14 minutes ago, Kate said:

First of all I aint shitting around. Bitcoin isnt immortal I know but I just said that there is a theory everyone used to believe that "if bitcoins rise then altcoins will also and if it drops then altcoins also will" But this time when bitcoin rised to 8k the altcoin instead of rising dropped. If you arent updated with theories then dont like talk at all.

You're hanging on one event that just happened. But you have no understanding of economics, otherwise you wouldn't hang on this one event that just happened. Its more than some things that happen and get reported on news.bitcoin.com. When the major coin dies, it will take down Altcoins. Like it or not, that is a economic fact.

All Alts are connected to the trust in Bitcoin. If Bitcoin fails and kills all financial assets of the ones holding it (we're speaking of a sum that we probably can't pronounce) you really believe people will still invest in Altcoins?

They will try to get rid of it. Maybe it won't kill the strongest altcoins, but bring them back to the point, where they've started. 

That is basic economy. Bitcoin and all coins were made a product by community. If the trust in a product fails, no one will buy that product anymore. Imagine the world gets introduced to fans (didn't exist before) and in the first 2 months (or on longer period) someone dies, because a blade sets off. Do you think people want to buy them at that point? No. Its more likely that the company would lose everything are so much, that they have a tough time to get back on top. All other companies doing the same, will also start to struggle selling fans.

4 minutes ago, CryptoAnt said:

There definitely is an end for all cryptocurrencies, but in my opinion I believe we are at such early stages of this crypto-age that we probably won't be around when crypto plummets to its end. I think the fact that BTC has already gained this "hype" and traction in society it will become regulated (not soon) and used as an absolute payment across world economies. 

This topic is a shower thought and philosophical. 

And its still the race between something like Bitcoin and a Crypto installed by the banks.

[Kate]

1 minute ago, CaptainLorca said:

When the major coin dies, it will take down Altcoins. Like it or not, that is a economic fact.

Ok are you saying that altcoins prices are affected by bitcoins price ?

[CaptainLorca]

2 minutes ago, Kate said:

Ok are you saying that altcoins prices are affected by bitcoins price ?

Seriously now? I'm speaking of a specific event that would happen. Not how Bitcoin is affecting Altcoins at the moment or the past or the future. Its just a consequence that would set off, if Bitcoin would die. Thats something special and no normal economic laws. Thats a major event.

[Kate]

My view : 

bitcoin wont rise to a price where it would be not buyable by anyone. Bitcoin will hit 20k or 15k thats true but btc will be bought still. Bitcoin will always stay in a price where people can buy it at a good price.