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Topic: I fear a collapse - page 2. (Read 5549 times)

sr. member
Activity: 280
Merit: 250
November 14, 2013, 04:55:02 PM
#14
Sure it may temporarily fall, but as more people discover Bitcoin it will recover and get even higher.
sr. member
Activity: 350
Merit: 253
November 14, 2013, 04:49:27 PM
#13
Steveia, you've violated the first rule of the speculators sub-forum. Thou shall not ever question the strength of the bitcoin market. Bitcoin is going to $40,000 a coin because the Winklevoss twins told us so.

Bitcoin is new and... this time it's different.  Wink
legendary
Activity: 1652
Merit: 1265
November 14, 2013, 04:45:42 PM
#12
Looking at mtgoxlive you can see that a Marketorder of 15000 BTC will lower the price approx $100.
Since accounts up to 150000 BTC exist yes a panic could still be achieved. But bitcoin would still rebound.
I believe that bitcoin is getting stronger by the day and don't fear collapse.
legendary
Activity: 1414
Merit: 1000
November 14, 2013, 04:28:49 PM
#11
I suspect the following will happen soon.

I suspect the price of Bitcoin is rising because of speculators. I suspect speculators are driving the price very high, very fast, making it much more difficult for the traditional Bitcoin user to purchase.

Once the price reaches a certain amount, these speculators, who don't care at all about cryptocurrency, will sell their coins. These coins will flood the market. People will panic, fearing a collapse. Everyone sells, except die hard bitcoiners. The price plummets to under a $100.00. These speculators, who just made a lot of money, will rebuy the coins for cheap.

And the cycle repeats itself over and over and over again.

This is the inherent flaw in bitcoin.

Who here agrees or disagrees and why?

It is called "Shaking of weak hands ." :-) or "Cheap coins".
hero member
Activity: 898
Merit: 1000
November 14, 2013, 04:05:46 PM
#10
Hello Steveia.

Welcome to the speculation sub forum.

If you can't beat them.... join them!

 Smiley
hero member
Activity: 714
Merit: 500
RISE Project Manager
November 14, 2013, 02:13:53 PM
#9
This cycle is repeating itself in an overlapping way more and more frequently, this will become less apparent as more people get into Bitcoin and it very very slowly stabilizes.

Remember, not everybody wants to sell at the same time because not everybody is thinking the same thing neither does everybody have the same objectives that come into alignment at the same time.

There will always be people wanting to cash in and there will always be people wanting to pick up cheap(er) coins. All at different times. This will slow down the volatility.
legendary
Activity: 1526
Merit: 1002
Bulletproof VPS/VPN/Email @ BadAss.Sx
November 14, 2013, 02:03:21 PM
#8
i Hope you are right....i buy more of them then Cheesy
member
Activity: 113
Merit: 10
November 14, 2013, 02:01:52 PM
#7
If you can't beat them.... join them!
hero member
Activity: 501
Merit: 500
November 14, 2013, 01:53:10 PM
#6
I suspect the following will happen soon.

I suspect the price of Bitcoin is rising because of speculators. I suspect speculators are driving the price very high, very fast, making it much more difficult for the traditional Bitcoin user to purchase.

Once the price reaches a certain amount, these speculators, who don't care at all about cryptocurrency, will sell their coins. These coins will flood the market. People will panic, fearing a collapse. Everyone sells, except die hard bitcoiners. The price plummets to under a $100.00. These speculators, who just made a lot of money, will rebuy the coins for cheap.

And the cycle repeats itself over and over and over again.

This is the inherent flaw in bitcoin.

Who here agrees or disagrees and why?


Your right, without fear, these whales would not profit from their selloffs
newbie
Activity: 10
Merit: 0
November 14, 2013, 01:51:56 PM
#5
Well, everything has been said already, but not yet by everybody. Grin
sr. member
Activity: 302
Merit: 250
November 14, 2013, 01:50:28 PM
#4
Not an inherent flaw in Bitcoin, but an inherent flaw in small markets. Easy to manipulate. Once (if) Bitcoin reaches a higher market cap, say $100billion, it will be much harder for one or a small group of actors to effect the price.
member
Activity: 84
Merit: 10
November 14, 2013, 01:47:56 PM
#3
hahaha yes wrong forum.
legendary
Activity: 1106
Merit: 1001
November 14, 2013, 01:46:08 PM
#2
wow, such insight! This has never been covered before... especially not in the speculation subforum  Grin
member
Activity: 77
Merit: 10
November 14, 2013, 01:44:03 PM
#1
I suspect the following will happen soon.

I suspect the price of Bitcoin is rising because of speculators. I suspect speculators are driving the price very high, very fast, making it much more difficult for the traditional Bitcoin user to purchase.

Once the price reaches a certain amount, these speculators, who don't care at all about cryptocurrency, will sell their coins. These coins will flood the market. People will panic, fearing a collapse. Everyone sells, except die hard bitcoiners. The price plummets to under a $100.00. These speculators, who just made a lot of money, will rebuy the coins for cheap.

And the cycle repeats itself over and over and over again.

This is the inherent flaw in bitcoin.

Who here agrees or disagrees and why?
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