BTC Getting FLIPPED?
- Thread starter loukeyzee
- Start date
DunderMannen
Elite Member
- Sep 11, 2019
- 2,135
- 1,986
All altcoins rely on BTC. Thats the way its been even before BTC/ETH-only pairing, and it seems to continue that way sadly.
- Mar 21, 2013
- 24,772
- 31,558
It's 2017 all over again.
I recall same flipment buzz back then.
I recall same flipment buzz back then.
BrandingCat
Elite Member
- Jan 6, 2015
- 8,115
- 10,311
SpeedProxies
Junior Member
- Apr 2, 2021
- 149
- 97
Won't ever happen.
duckduckgoo
Regular Member
- Mar 1, 2021
- 369
- 814
Do you think that it go down more from this? I find your posts very useful
And think only you are realistic
Titanlord
Junior Member
- Sep 26, 2017
- 118
- 114
Bad Analogy there brother, Diamond is not rare, diamonds are plenty they just keep the sales low to get more money, many other metals are rarer than diamonds and have use.
Titanlord
Junior Member
- Sep 26, 2017
- 118
- 114
No, Bitcoin has a first-mover advantage and it will not fail anytime soon, just like FB and twitter, FB came first and captured the market and now values at almost 900 bill and Twitter came few years later and only has value of 40 billion
Extruser
Regular Member
- Dec 2, 2017
- 289
- 185
Yes, it probably will.
We are slowly going down now, but if/when we come to that point,
and the $43000 resistance breaks,
it's gone be alll the way down to $20000.
If $20000 holds, it will only take 1 year to recover (and reach a new ATH).
If we go lower, it will take 2 or 3 years.
And yes, other coins will take over from Bitcoin.
Bitcoin changed the world, changed humanity,
but there will come a time to let go.
Other technology will take over.
Nothing to be sad about.
thefrozenforest
Newbie
- Dec 25, 2020
- 13
- 14
The king stay the king.
loukeyzee
Senior Member
- Dec 10, 2016
- 986
- 718
I appreciate the analogy. I may be wrong, call me out please. But from my perspective Face Book as a whole grew and acquired other up and coming tech platforms and created the monopoly system they operate/ are head of.
BTC on the other hand does not operate as an entity/company. So the chain technology they created can become outdated? If so what happens from then?
It is clear that Cardano, ETH are more efficient.
Extruser
Regular Member
- Dec 2, 2017
- 289
- 185
Exactly. Satoshi created Bitcoin to advance humanity. Not to build and maintain a monopoly with monetary gain only for him.
He knew that Bitcoin could be and would be improved and that different and better technology would emerge.
That was the whole idea. Think Big!
Sardi
Power Member
- Oct 25, 2019
- 692
- 2,416
I believe with bitcoin is just a cycle of falling and then coming back and surpassing the all-time high although it takes time and no bitcoin is not getting flipped
Will there be better alternatives in the future? ofc there will be lowes fees, faster transactions but bitcoin will be remembered as the one that started it all
Will there be better alternatives in the future? ofc there will be lowes fees, faster transactions but bitcoin will be remembered as the one that started it all
Xdfffninja
Senior Member
- Jan 13, 2019
- 932
- 1,542
BTC can never be flipped. Not even ETH can flip BTC lol.
loukeyzee
Senior Member
- Dec 10, 2016
- 986
- 718
So I’m this case, will BTC still hold its value?
Sardi
Power Member
- Oct 25, 2019
- 692
- 2,416
ofc it will hold value
loukeyzee
Senior Member
- Dec 10, 2016
- 986
- 718
I’m not arguing with you or am I anti-Bitcoin.
I came into Bitcoin some years ago and the fud lately is just too much. Example, with ETH 2.0 coming out it will be cheaper, and more efficient. So why would people choose “old” technology over BTC? How will BTC still hold its value?
KaleidoJack
Junior Member
- Nov 21, 2020
- 165
- 101
I still suspect the real reason for this sudden change of sentiments is due to the global chip shortage. The major players must have some intel that we don't, and that's really the only way I can make sense of Tesla's decision to criticize BTC's energy usage. They know for certain that bitcoin's fundamentals are rock solid, and that its PoW-based energy usage is not problematic at all.
The idea here is that Tesla operates in the EV market, so they absolutely need chips to keep up with production. It'd make sense for them to try everything they can to get those semiconductor factories back to exporting chips. They must be desperate, and that's why they decided to risk doing such a silly move, as far as PR and marketing goes. Because however you look at it, it's a weird move that sends a weird signal to the market.
I suppose their reasoning was: "all the chips in the world must be going to bitcoin miners, and if this keeps up we'll go out of business for months, so let's try to crash bitcoin with a tweet lol".
Whatever happens, nothing changes fundamentally. Before Tesla jumped on bitcoin's bandwagon, and despite Munger's comments about bitcoin's civilizational role, it already made sense to buy and hold bitcoin as far back as 2018.
However, public opinion and news reports seem indeed to be changing their tone.
So in my view this will trigger either the bear trap, and BTC will soon rally up to double its valuation, or the start of a larger crash, and BTC will go down as much as 80%. My strategy will be similar in either case: hold my ground.
Not financial advice. Just some sci-fi logic. DYR.
The idea here is that Tesla operates in the EV market, so they absolutely need chips to keep up with production. It'd make sense for them to try everything they can to get those semiconductor factories back to exporting chips. They must be desperate, and that's why they decided to risk doing such a silly move, as far as PR and marketing goes. Because however you look at it, it's a weird move that sends a weird signal to the market.
I suppose their reasoning was: "all the chips in the world must be going to bitcoin miners, and if this keeps up we'll go out of business for months, so let's try to crash bitcoin with a tweet lol".
Whatever happens, nothing changes fundamentally. Before Tesla jumped on bitcoin's bandwagon, and despite Munger's comments about bitcoin's civilizational role, it already made sense to buy and hold bitcoin as far back as 2018.
However, public opinion and news reports seem indeed to be changing their tone.
So in my view this will trigger either the bear trap, and BTC will soon rally up to double its valuation, or the start of a larger crash, and BTC will go down as much as 80%. My strategy will be similar in either case: hold my ground.
Not financial advice. Just some sci-fi logic. DYR.
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