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Topic: Bitcoin Crash?? (Read 1998 times)

full member
Activity: 476
Merit: 101
August 22, 2017, 09:02:25 AM
#56
It depends on what you define by crash.
In the world of stocks a price decrease of 10% is already a major crash.
In the cryptocurrency world it's just something like a rather bad day. Maybe even recompensated tomorrow.
Corrections can come every time.
A real crash (I'm talking about 70% loss) I doubt that. It would need a trigger for that to happen and don't see something like that.
Not even a possible fork of bitcoin.

I think bitcoin is now down by 20% - that's a substantial chunk of change at these price levels.

You are right that in the alt space, that is nothing, and that would also have been nothing in the early days of bitcoin. But the volatilitu should be dampening down as bitcoin gets bigger, not staying the same.

I can not call it a fall. This is a recession that bitcoin periodically has after a long growth. It was anticipated and many predicted it. Now everything is normal. And after the coin sinks to 3500, it will start to rise again
legendary
Activity: 1652
Merit: 1088
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August 22, 2017, 04:51:12 AM
#55
It depends on what you define by crash.
In the world of stocks a price decrease of 10% is already a major crash.
In the cryptocurrency world it's just something like a rather bad day. Maybe even recompensated tomorrow.
Corrections can come every time.
A real crash (I'm talking about 70% loss) I doubt that. It would need a trigger for that to happen and don't see something like that.
Not even a possible fork of bitcoin.

I think bitcoin is now down by 20% - that's a substantial chunk of change at these price levels.

You are right that in the alt space, that is nothing, and that would also have been nothing in the early days of bitcoin. But the volatilitu should be dampening down as bitcoin gets bigger, not staying the same.
member
Activity: 112
Merit: 10
August 22, 2017, 04:34:57 AM
#54
If you look at the price chart of Bitcoin there's always a crash after a major increase in price for Bitcoin, but it always ends up going back up and reaching even beating it's previous price when it starts to increase in value again. As time goes on and more people start to learn about Bitcoin cryptocurrency I think it'll continue to rise for at least a few more years.
full member
Activity: 140
Merit: 100
August 22, 2017, 03:32:52 AM
#53
I read in several Newspaper that experts think the Bitcoin is gonna crash soon. What do you think? Huh

Maybe they are just self proclaimed experts. It is difficult to trust those experts since Bitcoin predictions are difficult to be accurate. Well maybe they are just whales that are planning to dump some Bitcoins so that they can trigger panic selling any time soon. That would make sense if ever their prediction will happen.
hero member
Activity: 1274
Merit: 513
August 22, 2017, 02:53:28 AM
#52
If you see the price of bitcoin today decrease but I think it will back again to the current price after few days and it will increase more to the current price. Many news, articles that bitcoin crash but actually we dont know when exact happen maybe today, tomorrow , next year. But I hope bitcoin will live long in the next few years so many people earn money with the help of bitcoin. More bitcoin more profit.
hero member
Activity: 896
Merit: 521
August 22, 2017, 02:29:02 AM
#51
Today people are behaving as if Bitcoin should only go up but not down. Just a dip $200 doesn't means that it is a crash. It is just a natural volatility of Bitcoin. Why so much fear out of nothing?

Enjoy these dips for buying some more!
legendary
Activity: 3514
Merit: 1963
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August 22, 2017, 02:25:21 AM
#50
What crash? If you have been around long enough, you would see this as a opportunity and not a crisis. You have to remember that Bitcoin is still relatively small in comparison to other commodities, like gold. This makes market manipulation by whales much easier, because a few Bitcoin whales can easily "fake" a mini dump or even fake a "spike" in the price.

I get exited when I see these mini dumps, because I see big profits when I buy low and sell high. < Buy on the dip, as we say >

The lower it goes, the more profit I make when it gets pumped again. This has happened over and over again and people who has been around for a longer time, know this. < We eat all the smaller fish, when they panic >
full member
Activity: 238
Merit: 108
August 22, 2017, 02:00:23 AM
#49
I think Bitcoin is starting to crash now but we must not get afraid instead take this opportunity to buy bitcoin and invest I know this crash will not take too long and bitcoin value will increase again and maybe it will reach $5000 before the end of 2017. We must be ready for whatever situation bitcoin is going thru it's the nature of bitcoin the fluctuations is what makes bitcoin popular.
hero member
Activity: 2912
Merit: 556
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August 22, 2017, 12:09:17 AM
#48
many news we know and we read in out there especially in online news and offline newspaper, but i think we need ourself to prepare for the bad thing that might be happen in bitcoin world because the thing will not be the same in every day. so if we are ready and we have prepared, then if the price is suddenly drop and down too far, we are not surprise and we can survive for the hardest moment in bitcoin. maybe bitcoin will crash after this but as long as we can handle with good and the important thing is we don't panic, then we can pass this and we can still make money.
legendary
Activity: 1414
Merit: 1000
August 21, 2017, 08:35:55 PM
#47
I hope so, it means an opportunity for those who missed the last pump.
legendary
Activity: 3374
Merit: 3095
BTC price road to $80k
August 21, 2017, 07:33:57 PM
#46
There is possibility that bitcoin can be crash soon but with my own analyze i think bitcoin can be stay strong in this price because the trends still strong if you can see the trends in google trends its still in demand so more possibility that the price of bitcoin can be increase more instead the price of bitcoin can be crash. look at the market if you seen the price was decrease sooner there are traders can be a lots of bitcoin and increase its value so i think they are many people are waiting for the drop price of bitcoin and buy that is why we are still in a good price.. 
legendary
Activity: 1232
Merit: 1000
August 21, 2017, 04:36:21 PM
#45
These all are just rumors to make people stop believing in bitcoin. Just see the reaction of newbies and you will understand the effect of such rumors in this forum or in real world. There are always people who panic after hearing such news (even if they are not true) and they spread this news all around, and as it is said, "A lie said a lot, becomes a truth." which means if everyone or maybe a lot of people start believing in this, it will surely affect the price of bitcoin.

Forget the rumours about Bitcoin going to crash, the mainstream media is falling over each other to predict higher and higher prices of Bitcoin. Some are going as far as to project 6 digit figures. While you have doomsday scenarios on one hand, you also have very bullish predictions.
sr. member
Activity: 2506
Merit: 368
August 21, 2017, 03:23:13 PM
#44
I read in several Newspaper that experts think the Bitcoin is gonna crash soon. What do you think? Huh

What makes these people experts?
Who named them experts?

Experts predicted that Trump will not become president.
Experts predicted that Brexit vote would fail.
Experts predicted that the world would run out of oil by the year 2000.

I don't trust experts.
You seemed to be annoyed to those 'experts people' they said. lol. Anyway everyone has their own opinion and not everyone is perfect. They can fool other people but not everyone. Those experts are trying to spread some rumor about bitcoin, i don't know if this is another scam scheme or what but people who knows what bitcoin is will not actually believe them, they were just talking not doing something for the greater good to our crypto world.
sr. member
Activity: 882
Merit: 282
August 21, 2017, 03:02:03 PM
#43
I read in several Newspaper that experts think the Bitcoin is gonna crash soon. What do you think? Huh
The rising Lately was so significant that one has to expect a significant clash in future. If the pumping is coming from bitcoin Cash owners the there may be correction but if it traders that is the one influencing the market then we expect the clash. 
hero member
Activity: 959
Merit: 500
August 21, 2017, 12:49:53 PM
#42
It depends on what you define by crash.
In the world of stocks a price decrease of 10% is already a major crash.
In the cryptocurrency world it's just something like a rather bad day. Maybe even recompensated tomorrow.
Corrections can come every time.
A real crash (I'm talking about 70% loss) I doubt that. It would need a trigger for that to happen and don't see something like that.
Not even a possible fork of bitcoin.
hero member
Activity: 756
Merit: 500
August 21, 2017, 12:19:07 PM
#41
These all are just rumors to make people stop believing in bitcoin. Just see the reaction of newbies and you will understand the effect of such rumors in this forum or in real world. There are always people who panic after hearing such news (even if they are not true) and they spread this news all around, and as it is said, "A lie said a lot, becomes a truth." which means if everyone or maybe a lot of people start believing in this, it will surely affect the price of bitcoin.
legendary
Activity: 1918
Merit: 1728
August 21, 2017, 12:10:36 PM
#40
I read in several Newspaper that experts think the Bitcoin is gonna crash soon. What do you think? Huh

Newspaper and experts just need attention, you are fulfilling their wish.
No one in the world could anticipate Bitcoin rise or decline especially in the season when there isn't any big event coming which could have big impact on BTC prices.
When we say decentralized, do include such rumor or FUD spreaders too. They are also integral part of Bitcoin's decentralization feature i.e. decentralization in freedom of speech. Cheesy
Simply ignore such rumors and keep believing in Bitcoin.
hero member
Activity: 1036
Merit: 514
August 21, 2017, 12:04:56 PM
#39
First thing is, what kind of newspaper? You should mentioned it in here.
Then, who are these experts? Just self-appointed-experts as they claim themselves like that?
Last, crash mean? If bitcoin price drop back as much $1000-$2000, is it crash? I don't think so, it just another discount time.
Nothing for sure about what will happen in the future, but at least we have some clues and some repeated pattern regarding bitcoin price.
So, I'm sure bitcoin more likely continue to rise instead of crash.
sr. member
Activity: 560
Merit: 257
August 21, 2017, 11:58:26 AM
#38
I do not care if bitcoin crash now, maybe it's time for bitcoin to crash, I will not panic about the news, because I'm sure bitcoin will increase again because I see in this year the bitcoin movement is very positive after there is stability as now most likely the price will be crash and will increase again because the next bitcoin goal is $5000.
full member
Activity: 700
Merit: 108
August 21, 2017, 11:14:16 AM
#37
we are in 2017, shit is soooo complicated that nobody honestly can call himslef an expert as there are no experts even in the traditional sock market. maybe there are only few whales that can drive the market but no models or analisys can predict short-time price movements. on the contrary you don't need to be an expert to understand that bitcoin (as well as other altcoins) will go to the moon price side in the long run
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