Dan Held Expressed: Bitcoin will go up forever because the dollar is designed to go down forever.

Community Response: Dollars neither going down or up.  It is stable for ever.  Respect that currency.  Bitcoin could crash in just a few seconds, but dollars is still dollars.  It is a reputable name. Similarly, Dollars, Euros, Pounds.

If bitcoin keeps going up and the dollar keeps going down is bitcoin really going up? When are we going to stop comparing bitcoin to the fiat dollar?

For Clarity, fiat currencies are a medium of exchange established as money, often by government regulation.

True value lies in a digital economy where fiat is ruled out of the equation.

Due to lack of circulation gold has been sinking a bit.

If by forever you mean until it is all mined and it becomes useless. We won’t see it but that doesn’t change the fact it literally is the exact opposite of a store of value if in three generations you can’t validate a transaction. The worst crypto asset.

I don’t think it will become useless after all the Bitcoin is mined. It still remains a store of value.  Miners will instead receive transaction fee as incentives for validating transactions in the blockchain. It’s value is not in mining, but in its adoption and limited supply

Bitcoin is on Duty to absorb the Excess Credit that was created since 2008 by its Creators in the Central Banks’.

Bitcoin is the digital derivative built to distract the Crowd, protect the financial system, and pass the transition smoothly. Total Confidence = Total loss. Ask China.

Once it’s all mined, it’s anyone’s guess. If the price falls drastically, the incentive to mine will be gone. Mining is way too expensive to rely on just transaction fees. Bitcoin is a timed limited store of value.

Bullish or maybe it’s pinned below resistance and is ready to take a dump.

But with this logic, its value doesn’t change. Well, anyway I’m buying Bitcoin.

By that logic, literally everything will go up in price forever. No bankrupt stocks, no depreciating assets, nothing. Price is what you pay, value is what you get. $60K + for a Bitcoin gets you a ticket to the world’s biggest Ponzi.

Not only the dollar, but also the fiats of all countries on this planet. Unlimited supply and manipulated by governments and central banks. They even print more once the market crashes and is in recession.

They don’t just “print more”. There’s a trade-off. The price of bitcoin will be on bitcoin.  I doubt such a correlation is possible.

When will bitcoin be stable?  Bitcoin is meant for distraction and accordingly will never be stable. If it will be stable at the current price, will you ever think to invest into it? This is true and most people don’t realize it