2008 Again | Bitcointalksearch.org

Flor1982

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Quote from: Fellerdie on October 13, 2017, 04:43:30 PM

Imagine if tomorrow occurs a crash like 2008. What do you think will happen to the price of Bitcoin and other cryptocurrencies?

Bitcoin price will crashed unto ground but if that happen i will buy more bitcoin because it will become cheaper again in which i believed the panic will be opposite this time that instead of dumping and selling it will be a panic of buying because most people are always waiting and hoping that bitcoin will become cheaper so that they can keep for themselves too and enjoy the increasing value next time.

RyNinDaCleM

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Quote from: xaxistech on October 14, 2017, 05:27:07 PM

All those who replied to this thread posted false information about it, he is obviously reffering to when the economic bubble of US crashed on 2008, and bitcoin did not even exist when it happened, you should know a little bit more about bitcoin history, it was created on 2009, and the first exchanges appeared on 2010.
And i dont think that this "bubble" can be compared to the bubble of 2008, because now we are talking about cryptocurrencies, and i dont think that it can crash like that.

Quote from: RyNinDaCleM on October 14, 2017, 04:06:31 PM

Guys, I think OP is talking about the stock market crash in 2008 when the housing bubble topped. Nothing to do with Bitcoin in 2008, but how would Bitcoin react if we saw a new crash in traditional markets.
So much confusion in this thread

Yes, already pointed that out, but he is asking what will Bitcoin do if that happened "tomorrow"

So this was my response which I firmly believe

Quote from: RyNinDaCleM on October 13, 2017, 11:50:24 PM

A crash like 2008 is a risk off situation. People don't freak out about threat of financial ruin only to take that money and jump right into another, even higher risk asset. That's not to say over time some money won't make its way over to bitcoin, but it won't just funnel straight from one side to the other either. An outright crash in traditional markets may be seen like ww3 in that it will end life as we know it. It would be utterly devastating for many people and businesses, and would likely spoil economy's world wide. I don't think it would be good for Bitcoin... At least not immediately. Obviously there would be speculative rally's as traders who think it would be great, buy before all the laggards, but it will be unsustainable in the longer term and eventually fall back.

xaxistech

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All those who replied to this thread posted false information about it, he is obviously reffering to when the economic bubble of US crashed on 2008, and bitcoin did not even exist when it happened, you should know a little bit more about bitcoin history, it was created on 2009, and the first exchanges appeared on 2010.
And i dont think that this "bubble" can be compared to the bubble of 2008, because now we are talking about cryptocurrencies, and i dont think that it can crash like that.

MiF

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Quote from: Fellerdie on October 13, 2017, 04:43:30 PM

Imagine if tomorrow occurs a crash like 2008. What do you think will happen to the price of Bitcoin and other cryptocurrencies?

Bitcoin and altcoins value will going down of course, but most of the people since that year are already have a wide experiences of bitcoin struggles so therefore instead of panicking it will going to be an another opportunity to buy more coins at the cheaper price then once again the bitcoin value will bounce back to going high again and its will be looks like nothing happen.

Question123

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If that happen the price of bitcoin go back again like that year its very risky because they have possible bitcoin will not see again or die. But maybe it will happen for sure it will increase again the price and we have chances to buy more bitcoin with cheap price and we will earn a lot of profit for if the price increase. But im contented of what the price of bitcoin and other currency now and I hope it will increase more.

RyNinDaCleM

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Guys, I think OP is talking about the stock market crash in 2008 when the housing bubble topped. Nothing to do with Bitcoin in 2008, but how would Bitcoin react if we saw a new crash in traditional markets.
So much confusion in this thread

Hyperme.sh

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Quote from: JohnBitCo on October 14, 2017, 12:07:41 PM

Even if it crashes this time, it wont be that bad because people are actually using bitcoins in their everyday life's, in their business etc. At that time no one was using bitcoin as a mainstream currency which might have caused people lose confidence in it.

Are you 100% sure about that if the damage was as widespread as Mt. Gox?

JohnBitCo

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Quote from: mrayazgul on October 14, 2017, 12:04:53 PM

Quote from: Fellerdie on October 13, 2017, 04:43:30 PM

Imagine if tomorrow occurs a crash like 2008. What do you think will happen to the price of Bitcoin and other cryptocurrencies?

Can you please explain us what happen in 2008 ? Which crash you are talking about ? I heard that bitcoin came into existence in 2009 , so how could it crash before being into existence.
And just for your information, bitcoin can never crash now because people know its not a pump dump coin.

Thats whats the history books says. but i have heard it once crashed from 1000$ to 200$ back in 2010 Era. Even if it crashes this time, it wont be that bad because people are actually using bitcoins in their everyday life's, in their business etc. At that time no one was using bitcoin as a mainstream currency which might have caused people lose confidence in it.

mrayazgul

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Quote from: Fellerdie on October 13, 2017, 04:43:30 PM

Imagine if tomorrow occurs a crash like 2008. What do you think will happen to the price of Bitcoin and other cryptocurrencies?

Can you please explain us what happen in 2008 ? Which crash you are talking about ? I heard that bitcoin came into existence in 2009 , so how could it crash before being into existence.
And just for your information, bitcoin can never crash now because people know its not a pump dump coin.

batang_bitcoin

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Quote from: Fellerdie on October 13, 2017, 04:43:30 PM

Imagine if tomorrow occurs a crash like 2008. What do you think will happen to the price of Bitcoin and other cryptocurrencies?

2008? I thought bitcoin started on 2009? Do you just mistype it instead of 2009, you typed 2008. I don't have any idea on what will happen again when we came back at the past. We should move on right now as we really can't go back to the past and things are just becoming worse when we keep on thinking about the past. Forget the past because it will just lead you to regret that you never entered bitcoin earlier.

rayneh

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Quote from: carcassone on October 14, 2017, 01:45:40 AM

btc is transparent despite it's anonymous. another 2008 could boost the btc to Jupiter and not just the moon

.

As the current status of bitcoin going like that it will cross from one universe to another universe because bitcoin is going with light speed which is unstopable so let's invest and earn money with light speed. By the way you have remembered me physics from these two words "Jupiter" and "moon".

777Bitcoin

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We/All investors or bitcoin holder has different reaction and action on any situation may occurred. This is one reason there is none total dipped on bitcoin in recent years. And the market are more stronger since 2008(2009 I think) your talking about. I don’t know if this is speculation or much of FUD, sending negativity towards the increasing value of bitcoin. I think it works before but the community is immune already.

solarion

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Quote from: YuginKadoya on October 14, 2017, 03:10:08 AM

What is this a crash that will go down to $2008 mark value or just like what happen in the year 2008? well OP must be confuse while posting this thread, if it is $2008 mark value then I think the price would not go down below the $4000 mark value because I think that is the safe cap we can get right now, and if you are talking about the year 2008 bitcoin was not introduce until 2009 so I think there is no crash introduce by 2008 and just an increase in the value.

Market capital of the bitcoin will be increase always whenever the hard fork initiated. During that segregated witness will increase the block size henceforth the transaction speed will more and confirmation time increase but faster than earlier.
Instead of op creating these kind of waste thread he can start create the useful thread to analyze the price value of the next year, new coin compete with bitcoin or price bumping happens this week.

tobs

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If for some reason bitcoin crashed right now, people would be so happy and would buy so many bitcoins that it will bounce twice as much and come back to the new highs in a matter of moment. People have realized that bitcoin has indeed future, so a cheap price would only stimulate the market. It would be like a sale in a super market on black friday.

Tafbiat

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Quote from: Fellerdie on October 13, 2017, 04:43:30 PM

Imagine if tomorrow occurs a crash like 2008. What do you think will happen to the price of Bitcoin and other cryptocurrencies?

If there is more QE, then the Bitcoin price will rise dramatically. If not, the price will rise steadily.

YuginKadoya

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What is this a crash that will go down to $2008 mark value or just like what happen in the year 2008? well OP must be confuse while posting this thread, if it is $2008 mark value then I think the price would not go down below the $4000 mark value because I think that is the safe cap we can get right now, and if you are talking about the year 2008 bitcoin was not introduce until 2009 so I think there is no crash introduce by 2008 and just an increase in the value.

Anthonyxx

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Quote from: Fellerdie on October 13, 2017, 04:43:30 PM

Imagine if tomorrow occurs a crash like 2008. What do you think will happen to the price of Bitcoin and other cryptocurrencies?

It is actually something everyone should take into consider,as it's practically inevitable.
The question is not if,but when,and the predictions are bad.
USA just removed the debt limit of $17.8 trillion,and it already increased to $20,5 trillion,and this just sped the things up.
It is estimated the crash will be worse ,not from the one in 2008,but than the one in 1929!
So earn as much money as you can whilst things are still holding up,because we're awaiting some hard belt-tightening.

carcassone

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btc is transparent despite it's anonymous. another 2008 could boost the btc to Jupiter and not just the moon

.

HabBear

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Quote from: Fellerdie on October 13, 2017, 04:43:30 PM

Imagine if tomorrow occurs a crash like 2008. What do you think will happen to the price of Bitcoin and other cryptocurrencies?

What crash? Bitcoin didn't start until 2009. There is no other investment marketplace...only the cryptocurrency marketplace.

Quote from: Hyperme.sh on October 14, 2017, 01:05:40 AM

Your share of the wealth of the world would increase, because you’d still have all your BTC and you could buy more at lower fiat prices.

But this guy has the right idea ^^.

Hyperme.sh

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Quote from: Fellerdie on October 13, 2017, 04:43:30 PM

Imagine if tomorrow occurs a crash like 2008. What do you think will happen to the price of Bitcoin and other cryptocurrencies?

Your share of the wealth of the world would increase, because you’d still have all your BTC and you could buy more at lower fiat prices.

However, you might possibly (not surely) lose your BTC if you accept the vast wisdom and research of @poorya87.

DaMut

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what crash ? economony crisis ?
i think it will be the opposite to the fiat and our economy,
most likely Bitcoin price will be increasing to secure their investment and increase their spot on it.
economy crisis will only affecting a minority(citizen) not the majority(whaes),
most of them still have a power backing their own and their assets around the world.
why it keep increasing even though the crisis affecting the minority ?
because Bitcoin can be owned and manipulated by the majority(whales).
most of them owned more than 1% and can easily pump it as their wish

Odalv

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In January 2009, the bitcoin network came into existence after Satoshi Nakamoto mined the first ever block on the chain, known as the genesis block.

RyNinDaCleM

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A crash like 2008 is a risk off situation. People don't freak out about threat of financial ruin only to take that money and jump right into another, even higher risk asset. That's not to say over time some money won't make its way over to bitcoin, but it won't just funnel straight from one side to the other either. An outright crash in traditional markets may be seen like ww3 in that it will end life as we know it. It would be utterly devastating for many people and businesses, and would likely spoil economy's world wide. I don't think it would be good for Bitcoin... At least not immediately. Obviously there would be speculative rally's as traders who think it would be great, buy before all the laggards, but it will be unsustainable in the longer term and eventually fall back.

Ayiranorea

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Here the users who have completely into bitcoin for their living as well made everything invested into bitcoin will panic, while the rest won't think much about the price drop. Maybe their additional earning gets affected but will have the hope that it retains. Till date crashes were common, same as that getting recovered is promised reality with bitcoin.

log2exp

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Price will skyrocket in this case. Investors would discover that laws and policy based regulations are inferior comparing to a solution regulated by math.

Manipulations happens on everything speculative, however, in bitcoin world, there are only so much whales can manipulate, and in many parts their actions are visible as transactions in the public ledger.

player514

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Quote from: Fellerdie on October 13, 2017, 04:43:30 PM

Imagine if tomorrow occurs a crash like 2008. What do you think will happen to the price of Bitcoin and other cryptocurrencies?

You basically described it in the explanation itself. If there was a crash, then the price of Bitcoin would not be spared. However, I don't think a lot of the holders would be shaken. For most of them, they know that after every drop there will be a come back and after every large rise there will be corrections. For all of these cryptocurrencies, we can expect a similar behavior.

Fellerdie

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Imagine if tomorrow occurs a crash like 2008. What do you think will happen to the price of Bitcoin and other cryptocurrencies?

Topic: 2008 Again (Read 639 times)