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Why Won't Bitcoin Die?

Maya Saleh
(@maya-saleh)
Trusted Member

With the recent up and downs in the crypto market, people are getting afraid of the dead of bitcoin as well as their money invested in it.

Let's start from the beginning and explain why bitcoin won't die

First, a coin, product, service... dies when no one buy it or ask for it, right. There are millions of people using bitcoin in depositing is everyday life services like shops, malls, digital platforms... and when their wallets run out of bitcoin, they will buy more. 

So these people won't stop using bitcoin, and as a result there will always be transactions among wallets having bitcoin. 

Second, bitcoin was recently dropping down, right?

What people did when it reached 32K? Some sold their Bitcoin coins.

What the crypto whales did? They bought more.

Futhermore, it dropped to 30k.

What people did? Some sold their Bitcoin coins, while others bought

What the crypto whales did? They bought more.

Let's imagine it dropped to 17k or 7k. What will happen?

These are considered low prices, so everyone will buy even people like me and you, so it will pump up again.

However, I'm sure that crypto whales who bought bitcoin at 45k and 50k will never leave it go under 25k, so your coins are safe. 

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Topic starter Posted : 10/07/2021 8:59 am
Antoine.Assaker
(@antoine-assaker)
Estimable Member

yeah brother, even crypto today is involved in trading, it is impossible to die

ReplyQuote
Posted : 11/07/2021 5:25 am
eXSe
 eXSe
(@exse)
Eminent Member

I don't think that anyone feels that the BTC will die soon, but they are afraid that it will continue to trend downwards (at least those that invested when it was high).

Also, I don't feel that 17k is considered low for BTC because it never broke that number (for long) until late November 2020 and that was made possible by some large investments and some big companies beginning to adopt it. So, since it peaked in April 2021 it has been going down in value with the average being around 33-34k $.

I'm personally curious as to what will happen in the future and I think it might trend down until it hits 20-25k, maybe even less that 20k, just because it was so artificially inflated.

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Posted : 11/07/2021 8:47 pm
Muhammad aown
(@muhammad-aown)
Famed Member

Anything can happen in the Digital world. So always don't invest and rely on one source.

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Posted : 12/07/2021 12:36 pm
Russel Ryan
(@russel-ryan)
New Member

actually because crowd still want it and supply and demand my friend 

but the most reasonable answer is when Bitcoin having value and trust for transaction is when it conquer the world

ReplyQuote
Posted : 15/07/2021 12:51 pm
JayDollar
(@jaydollar)
Honorable Member
Posted by: @maya-saleh

With the recent up and downs in the crypto market, people are getting afraid of the dead of bitcoin as well as their money invested in it.

Let's start from the beginning and explain why bitcoin won't die

First, a coin, product, service... dies when no one buy it or ask for it, right. There are millions of people using bitcoin in depositing is everyday life services like shops, malls, digital platforms... and when their wallets run out of bitcoin, they will buy more. 

So these people won't stop using bitcoin, and as a result there will always be transactions among wallets having bitcoin. 

Second, bitcoin was recently dropping down, right?

What people did when it reached 32K? Some sold their Bitcoin coins.

What the crypto whales did? They bought more.

Futhermore, it dropped to 30k.

What people did? Some sold their Bitcoin coins, while others bought

What the crypto whales did? They bought more.

Let's imagine it dropped to 17k or 7k. What will happen?

These are considered low prices, so everyone will buy even people like me and you, so it will pump up again.

However, I'm sure that crypto whales who bought bitcoin at 45k and 50k will never leave it go under 25k, so your coins are safe. 

I absolutely agree with you friend, Bitcoin can only go low in price but can't crash because of its active usage in the market today.

ReplyQuote
Posted : 16/07/2021 7:58 pm
Waleed Shafiq
(@waleedshafiq99)
Famed Member
Posted by: @maya-saleh

With the recent up and downs in the crypto market, people are getting afraid of the dead of bitcoin as well as their money invested in it.

Let's start from the beginning and explain why bitcoin won't die

First, a coin, product, service... dies when no one buy it or ask for it, right. There are millions of people using bitcoin in depositing is everyday life services like shops, malls, digital platforms... and when their wallets run out of bitcoin, they will buy more. 

So these people won't stop using bitcoin, and as a result there will always be transactions among wallets having bitcoin. 

Second, bitcoin was recently dropping down, right?

What people did when it reached 32K? Some sold their Bitcoin coins.

What the crypto whales did? They bought more.

Futhermore, it dropped to 30k.

What people did? Some sold their Bitcoin coins, while others bought

What the crypto whales did? They bought more.

Let's imagine it dropped to 17k or 7k. What will happen?

These are considered low prices, so everyone will buy even people like me and you, so it will pump up again.

However, I'm sure that crypto whales who bought bitcoin at 45k and 50k will never leave it go under 25k, so your coins are safe. 

What is the price of it, now?

ReplyQuote
Posted : 08/12/2021 2:49 pm
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