Quote from: DOGE12321 on July 10, 2017, 01:29:01 AM

Quote from: Crapz23 on July 09, 2017, 04:21:37 PM

As of right now, the bitcoin price is expected to keep going up in the next 20 years. But can it last that long? I believe it's possible. But can't it crash at a random time? Like the price going down hard.

Bitcoin price can rise and fall with great uncertainty. No one can really say for sure if the price would continue to rise or fall. It depends on the supply of Bitcoin and demand for it. Bitcoin is a deflationary currency, because of it halving. Every 4 years ... I think, block reward halves and supply decreases. So a decrease is supply often invokes an increase in price.

Plus with the mainstream media attention Bitcoin should thrive in demand. Thus we have a situation where the price would rise, but if the demand was to fall all of a sudden, then yes, Bitcoin can become worthless.

It is a fact that bitcoin price make movement on any matters and any uncertainty. But we should also consider the movement of bitcoin as a part of its development. It is a huge factor for bitcoin growth and progress in terms of its price, value and security so it is quite sure that bitcoin can last a long time. Just make sure to continue our support and to support the system if Bitcoin using it as a form of transaction on a daily basis. Imagine a well develop bitcoin in the future if we are going to continue our support for it to acquire development.