Do you think bitcoin price will crash again in 2017? - page 3.

electronicash

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Quote from: hase0278 on May 12, 2017, 10:24:21 PM

Quote from: Shinpako09 on May 12, 2017, 09:39:37 PM

I think its too early to say that price is going to crash again this 2017. Although price fall down about less than $300 now. Price is still considerably high and for sure it will bounce back again like the usual.

Maybe it would bounce back but there is a possibility that it would not and maybe it will stabilize for a while on the price ranges it would still be nice though if this happens. Even if it will dump I think it would not be less than sub 1000$ since it might be the new floor for now and it might not be too. Bitcoin is unpredictable so I can't say for sure.

its not crashing. its just going to adjust now and will soon be stable. those big guys probably had stopped playing the market and have collected their profit already. it does look like someone had managed to manipulate all coins to move swinging from positive to negative side in a day. some coins stands still on the uptrend like XRP and NEM Cheesy

hase0278

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Quote from: Shinpako09 on May 12, 2017, 09:39:37 PM

I think its too early to say that price is going to crash again this 2017. Although price fall down about less than $300 now. Price is still considerably high and for sure it will bounce back again like the usual.

Maybe it would bounce back but there is a possibility that it would not and maybe it will stabilize for a while on the price ranges it would still be nice though if this happens. Even if it will dump I think it would not be less than sub 1000$ since it might be the new floor for now and it might not be too. Bitcoin is unpredictable so I can't say for sure. For now let's hold and rebuy when it dumps.

Shinpako09

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I think its too early to say that price is going to crash again this 2017. Although price fall down about less than $300 now. Price is still considerably high and for sure it will bounce back again like the usual.

ASHLIUSZ

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Quote from: bitllionaire on May 12, 2017, 06:17:54 PM

Quote from: RodeoX on May 12, 2017, 01:05:22 PM

Quote from: European Central Bank on May 12, 2017, 11:13:53 AM

when does a fall become a crash? there'll be a bunch of falls to come. i don't know if they'll turn into crashes.

Maybe we call it a correction then?

no there is such a big differnce between crash and correction, correction is the need of market for the price adjustment, but for few pont, while crash some something difference in crash like situation the price of bitcon continue decreasing nonstop and within few hours it fell down more than 500 points.

By this time as said a correction needs to happen. The should not make a big difference in the price before and after, already the price has come down as we're getting closer to 15th day of the month. If something good takes place once again reach moon else the price downtrend will continue.

bitllionaire

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Quote from: RodeoX on May 12, 2017, 01:05:22 PM

Quote from: European Central Bank on May 12, 2017, 11:13:53 AM

when does a fall become a crash? there'll be a bunch of falls to come. i don't know if they'll turn into crashes.

Maybe we call it a correction then?

no there is such a big differnce between crash and correction, correction is the need of market for the price adjustment, but for few pont, while crash some something difference in crash like situation the price of bitcon continue decreasing nonstop and within few hours it fell down more than 500 points.

chaser15

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Quote from: tosmartak on May 12, 2017, 03:11:44 AM

Following the trends over the years, I have noticed bitcoin steadily rising (though with minimal fluctuations here and there). Recently, the price dropped sharply but since then, it is like it got angry, thereby increasing hugely each day.
Now to my question. I am actually thinking of purchasing some btc but still hoping there is possibility of the price dropping again so at least I can obtain more ( Grin

pardon my greed). So, do you think there is still a possibility of it dropping in a huge manner in 2017?
Hopefully I am looling forward to getting something tangible from finance experts.

Asking questions like this as a reference if you will buy coins will just lead you for so much doubt.

If you want to buy then go. As long as the word fluctuation is connected to bitcoin price, price crash is possible at any year. Even you seek from professional or expert they don't know what will happen. It's fine to read some suggestions and advices but believe me it will just give more doubt especially if you don't have knowledge of what they will say to you.

They will give you technical analysis, chart readings, speculations but I doubt you will read that because the important thing you want from them is their suggestion if you will buy or not with the current price rate.

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Quote from: European Central Bank on May 12, 2017, 11:13:53 AM

when does a fall become a crash? there'll be a bunch of falls to come. i don't know if they'll turn into crashes.

Maybe we call it a correction then?

phr0stbyt3

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No we can't use the word crash for bitcoins anymore. The reasons are pretty obvious, the price increased by so much in just few days the reason for this is pretty simple now ever many people are interested in bitcoins now, so let's just say people sell their coins and price crashes there are surely many people who are waiting for a drop.

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when does a fall become a crash? there'll be a bunch of falls to come. i don't know if they'll turn into crashes.

cpfreeplz

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Quote from: BitcoinHodler on May 12, 2017, 08:03:37 AM

in 2017, i don't think so because usually we have only 1 crash per year and we already had that this year.

Hahahahaha first of all wtf? What crash? That flash crash/20% dip when the ETF was rejected? Omg. And secondly there can be as many crashes as there are hacks or issues so that is a really stupid way to think about the price of bitcoins. I'm a permabull too but even that is just so stupid and naive I can't believe someone would think it were true. Oh and let me guess, bitcoins doubled in price last year so they'll double in price every single year for the rest of our lives, right? Durp. Past performance does not equal future performance. Just like any stock broker will tell you

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Quote from: alyssa85 on May 12, 2017, 08:50:59 AM

Quote from: BitcoinHodler on May 12, 2017, 08:03:37 AM

in 2017, i don't think so because usually we have only 1 crash per year and we already had that this year.
the one crash you saw was not the only one! each year there is some orchestrated scenario that causes a big panic sell and prices crash. this year it was ETF rejection followed by BU split and all the combined FUD caused the big dip.

last year it was Mike Hearn and some other stuff i forgot that caused a big dip and delayed reaching $600 last year the same thing around $200 and if you look at pages of 300+ in speculation board you see there have been same thing going on for years Cheesy

we take a dive then start rising super fast and then small correction followed by stable price when everyone gets board then repeat.

The past isn't a guide to the future though!

It's hard to tell what is going to happen - if the blocksize thing gets going again, we might look at some people selling. Ditto advances in some of the alts.

FUD is like a one time use thing. imagine a tissue Wink

you cant keep using the same thing over and over again to wipe! it loses its power. it is like saying "bitcoin is a ponzi scheme" surely that worked back in 2009 when it was early days but won't work now.

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Yes, I think there will be a crash in 2017. Or a deep correction. A bear market. Or like you want to call it.

The question is "when" and "at what price".

In the past, the real Bitcoin rallies - from the moment an old ATH was passed to the next prominent ATH before a crash - never lasted more than a few months, followed by a crash:

- 1st rally 2011: from 0,50 to 1.10: end of January to mid-february: ~2 weeks
- 2nd rally 2011: from 1.10 to 32: mid-April to early June: ~1,5 months
- 1st rally 2013: from 32 to 266: late February to early April = ~1,5 months
- 2nd rally 2013: from 266 to 1160: early November to early December = ~ 1 month

The last old ATH (~1350) was passed in early May, so we've some time still, but I think until July we will see a correction.

RodeoX

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Ab-so-lutely it will crash many times in the future. That is normal behavior for a free market.

shinratensei_

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Quote from: tosmartak on May 12, 2017, 03:11:44 AM

Now to my question. I am actually thinking of purchasing some btc but still hoping there is possibility of the price dropping again so at least I can obtain more ( Grin

pardon my greed). So, do you think there is still a possibility of it dropping in a huge manner in 2017?
Hopefully I am looling forward to getting something tangible from finance experts.

You can try to wish there will be another bad news for bitcoin in the future. But looks impossible in my mind. Every time the community will be being strong and strong.
Remember the latest news from Japan and AU, it makes sense to give another power to keep the price of bitcoin is stable on the highway.
The possible think for you to gain more bitcoin on another red candle. That likes betting on your dream.

LFC_Bitcoin

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I hope the price doesn't crash tbh, I don't want to see below $1000 ever again. I'm ready & poised to increase my stash if we do have a major correction though.

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Quote from: BitcoinHodler on May 12, 2017, 08:03:37 AM

in 2017, i don't think so because usually we have only 1 crash per year and we already had that this year.
the one crash you saw was not the only one! each year there is some orchestrated scenario that causes a big panic sell and prices crash. this year it was ETF rejection followed by BU split and all the combined FUD caused the big dip.

last year it was Mike Hearn and some other stuff i forgot that caused a big dip and delayed reaching $600 last year the same thing around $200 and if you look at pages of 300+ in speculation board you see there have been same thing going on for years Cheesy

we take a dive then start rising super fast and then small correction followed by stable price when everyone gets board then repeat.

The past isn't a guide to the future though!

It's hard to tell what is going to happen - if the blocksize thing gets going again, we might look at some people selling. Ditto advances in some of the alts.

BitcoinHodler

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in 2017, i don't think so because usually we have only 1 crash per year and we already had that this year.
the one crash you saw was not the only one! each year there is some orchestrated scenario that causes a big panic sell and prices crash. this year it was ETF rejection followed by BU split and all the combined FUD caused the big dip.

last year it was Mike Hearn and some other stuff i forgot that caused a big dip and delayed reaching $600 last year the same thing around $200 and if you look at pages of 300+ in speculation board you see there have been same thing going on for years Cheesy

we take a dive then start rising super fast and then small correction followed by stable price when everyone gets board then repeat.

moviebuff777

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Quote from: tosmartak on May 12, 2017, 03:11:44 AM

Following the trends over the years, I have noticed bitcoin steadily rising (though with minimal fluctuations here and there). Recently, the price dropped sharply but since then, it is like it got angry, thereby increasing hugely each day.
Now to my question. I am actually thinking of purchasing some btc but still hoping there is possibility of the price dropping again so at least I can obtain more ( Grin

pardon my greed). So, do you think there is still a possibility of it dropping in a huge manner in 2017?
Hopefully I am looling forward to getting something tangible from finance experts.

Some kind of drop should be expected after all of the gains recently. There are people that manipulate the price, so they will force a drop so they can buy cheap.

MahaRamana

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Quote from: RealPhotoshoper on May 12, 2017, 05:32:40 AM

Quote from: Pursuer on May 12, 2017, 03:21:34 AM

price will come down at some point but that is not called "crash" it will be a correction and it will not be big.

but nobody can tell you when that time will be! or what the final price is going to be.

look at the history of what has happened and try finding reasons for each of them. that can give you a pretty good picture of what you are dealing with.

and here is the iconic 1 in a million price topic: https://bitcointalksearch.org/topic/1-in-a-million-updated-for-2018-6-1790863

this is a simple picture I made 3 months ago from the past 2 and a half years of price rise.

My guts tell me in 2015 ago when the flash crash happened down to below $300 to buy bitcoin as much as i can.
Unfortunately i did not breve enough to buy a lot of bitcoin , just spend a couple dollar to get around 6 bitcoin.
And sell it as soon as hit $700 , as really afraid the real crash could really coming. I was really wrong and regret on what i have did Sad

Yeah I bought below 200 in 2015 in the golden opportunity. That was a miracle. I put a big chunk of my savings in BTC at that time and never sold. Feeling very grateful.

1Referee

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I prefer to talk about corrections instead of crashes. If you're purely referring to a crash, then it's mostly something negative that takes the price down significantly, with a high probability of it resulting in a bear market not long after that. We've been through that already after the MtGox debacle. People that were active back then know how long it took to get over that period. That's luckily not something we have to worry about anymore. Sentiment is fantastic, demand is increasing, certain countries might follow Japan where they legalize Bitcoin, etc. Aside from a correction here and there, we're likely to continue this long term UP pattern.

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