You're literally betting against all of history if you think BTC will not die out or practically go to 0 over the long term. Why? It's really simple. BTC dropped 80+% from its ATH (20k to 3.5k), and then ended up going to that same level (3.5k) a month ago. No asset in history in any space has ever dropped 70+% (much less 80+%) from its ATH, gone back to the same price level, and then continued to go up and break ATH.
Focus on my wording here. I used the words "same price level". This means that assets have dropped huge percentages from their ATH, but not until the old ATH breaks again first. For example, even BTC has dropped 80+% multiple times, but never back to the same price level. It has dropped 85+%, broken ATH, made a new ATH, and then dropped another 85+% from its new ATH. In this case, we didn't break 20K this time.
"But BTC is different!" No it's not. It's an asset at the end of the day that people can buy and sell, and that's all that is needed.
Before you call my metric arbitrary, I challenge anyone to find an asset that has done what I mentioned above, survive, and broken ATH again. Hint: You won't. If you want good examples of this btw, open almost any alt chart. ETH will suffer the same fate as BTC.
Go ahead, prove me wrong. Find me a counterexample.
Eventually it could be 0. Anyways you wont be alive to see it, thats for sure.
Asher Price
Only time can prove you wrong fag, how will someone prove BTCs price in the future? Are all your examples within crypto? If not, worthless.
David Jackson
No, my examples are assets across any space, including the stock market, precious metals, etc.
Hudson Brooks
>No asset in history in any space has ever dropped 70+% (much less 80+%) from its ATH, gone back to the same price level, and then continued to go up and break ATH.
Citation needed. Literally entire indices have done this.
Isaiah James
It will come back to ath and then break it
Cooper Davis
This is not true. Tell me one index that has done this.
Owen Ramirez
The counter example is bitcoin you tard.
Nathan Nelson
Bitcoin will be 1 million dollars and this man on attached picture will eat his dick.
A new ATH if one is to happen is like 1-2 years away. Fuck off.
Easton Clark
Bitcoin already has broken your trend
It happened in 2013 when it hit $1300 then dropped to $250 - That's over 75% drop
And lookity loo, look where we are now.
Henry Brown
Nikkei 225
Colton Rivera
I have no idea what the fuck you're talking about, but >BTC limited to 21,000,000 coins >transactions rely on miners to process >after all 21,000,000 coins are mined, all mining ceases and transactions become impossible >BTC becomes worthless
Christian Morales
You're dumb.
I mentioned that it has dropped that much before. That's not the point. The point is it doesn't go back to that same price level before breaking ATH.
For example, in the case you mentioned, it hit 1300, dropped to 250, but broke ATH again nad never came BACK to 250.
In this case, we went to 20k, dropped to 3 something k, and came BACK to 3 something k before 20k is broken.
BTC is unironically finished.
Ian Davis
>what are transaction fees
Matthew Martin
>what are transaction fees
Charles Brown
i don't see anything like that on Nikkei225. Show me where it dropped 80+% from ATH, gone up, then go back down to that same price level WITHOUT breaking ATH like BTC just did.
Thomas King
High five hivemind bro
John Anderson
Grybto police here. Do not post in crypto threads ever again or we will arrest you.
Joshua Barnes
Literally the sp500. You are a very dangerous type of stupid, the kind that thinks they're intelligent enough to form meaningful opinions
Mason Clark
how many times does bitcoin need to die for these retards to shut up?
Adrian Anderson
Isn't this the same logic as saying
You are human what's the point of doing anything because in the end you are going to die out, return to dust so why bother investing in anything....................
i think people know it will die but just want to have fun with it while it runs, and make some money from pips!!
Levi Roberts
Amazon stock fell 94% before it went up 23,000% fucking retard
Oh, so Bitcoin dropping to 3k again means it's now done? My fucking god. Go right ahead and think what you're gonna think.
Truth is no-one actually knows anything, Bitcoin will break ATH again because it is a very valuable commodity. Nothing like it has existed before, so you can't really compare to existing assets. Price fluctuations don't affect the core principles
Jason Roberts
>Mathematic proof where is it
Nolan Nguyen
And here is the mathematic proof that you are an absolute retard, enjoy being poor
