Topic: Possible big Crash coming within 10 days - page 7. (Read 7399 times)
I really don't understand why you think there would be a crash. The blockchain technology is just starting to come into being. This tech will help form the new decentralized world.
There are a number of things that can happen. 1) Price will continue to go up. 2) Price will crash back to a level somewhere between 1400-2000 Dollars. 3) Price will appear to crash to 1400-2000 Dollars but simply dives a few hundred and goes back up. 4) Price will go down in waves, similar to the way it increased before. Number 4 is my favorite and particularly painful if you sold at or near the highest price yesterday, bought back today thinking you are a genius but find the price to be a hundred lower tomorrow. Tomorrow, you will buy some more (it's so cheap!) and price plummets by another hundred the next day. Although usually number 3 happens, scenario 4 has happened before and fucked everyone up, but a few very large players.
It seems this is said every few days about the BTC, just ride the ups and downs and keep holding.
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It is possible to crash if the user is not adding, but now the user is keep on increasing and the one that own bitcoin is adding the investment in bitcoin, so if it is crash it will not fall down quickly,so it is still safe to invest in bitcoin and there is a possibility that it will not go down eventhough the price already up so high if the demands is still high
even if there is possible to crash, many people don't want the big crash is happen and i think big player will prevent this and many people still predicting that bitcoin price is going to increase more but with correction price before to go up. but i wonder and curious what will happen in next 10 days from now and i hope the price is not getting crash and not down too deep.
It is possible to crash if the user is not adding, but now the user is keep on increasing and the one that own bitcoin is adding the investment in bitcoin, so if it is crash it will not fall down quickly,so it is still safe to invest in bitcoin and there is a possibility that it will not go down eventhough the price already up so high if the demands is still high
Nope. It doesnt need any fundamental reason for it to keep increasing. Ethereum and the others have shown us that indeed its possible for a coin thats not used for transactions or whatever can go up tremendously from hype and by pumping. BTC has a fundamental reason to go up, but it doesnt mean its not being pumped.
Even if there will be a big crash happening in 10 days, I still don't want to sell my bitcoin, (though I don't own that much). Yes, possibly it will crash but as it crashes, the only thing I'd do is BUY, not sell. I strongly believe that bitcoin still has a lot of potential and I can wait few more years to see that.
I still regret that i sold my bitcoins last year.
I`m a total loser and i always sell my bitcoins at the wrong time.
Good luck, if your have such patience OP.
I think you're thinking like a traditional economist. Bitcoin is not regulated by anyone. It is simply regulated by the market. I think he should drop a little, take a breath and then rise again. Warren buffett did not believe in bitcoin a few years ago and see what it got.
This is a very popular case when it comes to bitcoin. We are witnessing on how the price fluctuation of bitcoins price from up to down. And we know the next thing what will happen since we saw the price did increased well. There will be some increase to the demand as the price is reachable now and good chance for buyers.
It is possible to crash if the user is not adding, but now the user is keep on increasing and the one that own bitcoin is adding the investment in bitcoin, so if it is crash it will not fall down quickly,so it is still safe to invest in bitcoin and there is a possibility that it will not go down eventhough the price already up so high if the demands is still high
I think you're thinking like a traditional economist. Bitcoin is not regulated by anyone. It is simply regulated by the market. I think he should drop a little, take a breath and then rise again. Warren buffett did not believe in bitcoin a few years ago and see what it got.
No one can say if the bitcoin crash in the next ten days. Because even the price is too high many investor are interested to invest bitcoin so the price is continously increasing. Many people afraid because the price of bitcoin is very high because after that we have big crash and they said they have possible bitcoin dead or big crashing but I think even bitcoin big crash coming I believe it will recover again because many investor will invest in bitcoin because the price is very cheap and if they wait the price again they gain a lot of profit because they bought a lot of bitcoin. But everything is possible to happne in this online wolrd.
I think and I am predicting that a BIG CRASH is coming within the next 10 days.
Why?
Because there is no investment or asset that can increases itw own prices the way Bitcoin is doing, less than a month ago the price was at 1,300 usd and now is at 2,500 usd this is crazy and it is not possible.
Why?
Because there is no investment or asset that can increases itw own prices the way Bitcoin is doing, less than a month ago the price was at 1,300 usd and now is at 2,500 usd this is crazy and it is not possible.
No asset can increase its prices the way bitcoin is doing?
What about microsoft stock?(1500% in 3 years):
There are many examples of assets, stocks & commodities having massive price fluctuations similar to bitcoin.
I think the current scenario and 2013 scenario are very different. During 2013 bubble, bitcoin do not have reason to increase. It is all hype and pump that is why when whales decided to cash out, the price crash. Today is different since there is an actual reason why bitcoin price should rise. Adoption and acceptance of country for bitcoin as money is one thing that pushes bitcoin price.
Bitcoin does not have reason to increase its value this much today either. There has been what was perceived as great news in 2013 too, but it turned out to be nothing more than speculation and wishful thinking. It's the same today: we're getting positive vibes from here and there, this might happen and that could happen, but nothing substantially important happened to justify this crazy run. As you said, it is a hype. Again.
What you are expecting was done today itself after Bitcoin touched $3000+ and then crashed to $2500 level and it is taking support if it moves up from here then we can expect another milestone within some days.
It was bound to happen someday after that huge spike but its not that bad because bitcoin is bound to rise again and even further nothing has stopped so far and i'd love to believe that nothing will
I believe with this all the time base on my observation with bitcoin's fluctuation. There will be some falling on it's price and it's very essential to balance the market of bitcoin. But yes, after this there will be an expected rise that can reach another higher price. Bitcoin is set to that type of price fluctuation so don't get upset.
Of course the price of bitcoin can not grow forever. Sooner or later the price will go down. Now bitcoin could cause the collapse of the world economy. Who will buy shares of companies with a yield of 2-5% per year if bitcoin gives 100% in a month. But until expectations are high, the price of bitcoin will be on the rise.
And yes, after reaching $2700 price, it dump, but these is the rime where investors must buy bitcoins before it completely rose up. Bitcoin may not dump for a while after this one.
Of course the price of bitcoin can not grow forever. Sooner or later the price will go down. Now bitcoin could cause the collapse of the world economy. Who will buy shares of companies with a yield of 2-5% per year if bitcoin gives 100% in a month. But until expectations are high, the price of bitcoin will be on the rise.
I think and I am predicting that a BIG CRASH is coming within the next 10 days.
Why?
Because there is no investment or asset that can increases itw own prices the way Bitcoin is doing, less than a month ago the price was at 1,300 usd and now is at 2,500 usd this is crazy and it is not possible.
Actually this has happened back in 2013 when the price falt like a rocket been knocked down to the ground.
Actually if you ask any profesional investor in the world what do they think, the will really tell you that it is too beautiful to be truth, and that you should stay away frrom anything that shines like gold, without been gold, because it is 100% that is a ponzi scheme.
So becareful and sell as soon as possible, before the boat sinks.
I hope also will not happen because I also like it, and I am amaze with what have happened, but lets be realistic, is impossible this utopic situation.
Why?
Because there is no investment or asset that can increases itw own prices the way Bitcoin is doing, less than a month ago the price was at 1,300 usd and now is at 2,500 usd this is crazy and it is not possible.
Actually this has happened back in 2013 when the price falt like a rocket been knocked down to the ground.
Actually if you ask any profesional investor in the world what do they think, the will really tell you that it is too beautiful to be truth, and that you should stay away frrom anything that shines like gold, without been gold, because it is 100% that is a ponzi scheme.
So becareful and sell as soon as possible, before the boat sinks.
I hope also will not happen because I also like it, and I am amaze with what have happened, but lets be realistic, is impossible this utopic situation.
I think the current scenario and 2013 scenario are very different. During 2013 bubble, bitcoin do not have reason to increase. It is all hype and pump that is why when whales decided to cash out, the price crash. Today is different since there is an actual reason why bitcoin price should rise. Adoption and acceptance of country for bitcoin as money is one thing that pushes bitcoin price.
Current values are almost completely based on overblown expectations and speculation games: number of coins in circulation and trade levels are actually pretty pathetic and way out of sync with this abnormal surge in price. It's not so much about the increased demand for btcs, but more about the the fact that big hodlers (hodling has become almost like sort of religion nowadays) are creating artificial shortage. At the end, what we get is unsustainable, unhealthy growth based on thin air and not much else. Bitcoin simply does not worth this much at this point in its evolution. That's why this was the first time in the past 6 years that I've dumped majority (2/3) of my btc stash, all in the past 24 hours: my gut feeling tells me this isn't going to end well.
All in all, the big crash is quite believable scenario unfortunately. If that happens, recovery will be long and painful. Bubbles are incredibly damaging to bitcoin.
All in all, the big crash is quite believable scenario unfortunately. If that happens, recovery will be long and painful. Bubbles are incredibly damaging to bitcoin.
Wouldn't surprise me. OP is right, nothing gains this much in value this quickly and stays there for long. I also think we're due for a correction or crash or whatever you want to call it. This market we're seeing is nuttier than a fruitcake. I'm still wondering where all this money is flowing in from.
It's possibly from WannaCry, some sort of virus that encrypts all your files and demands 100$ in BTC to get them decrypted. It was patched recently and as a result a 2.0 version came out but I doubt that it will be enough to support the huge increase in price though
It was bound to happen someday after that huge spike but its not that bad because bitcoin is bound to rise again and even further nothing has stopped so far and i'd love to believe that nothing will
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