The Bitcoin CRASH is coming! - page 4.

tr3yson

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Quote from: Kiridaya on December 07, 2017, 03:49:45 AM

I hope a correction happens as well, not only will it stabilize bitcoin a bit, it will also bring a great opportunity for buying Tongue

A price correction will definitely gonna happen after all this fast increase in Bitcoin price. What I hope for is that it won't be the same with what happened when it reached $1100 which was just a slight fall back. Yes the current price is good most especially to those who are holding it for a long time now, we all wanted it but it will be more good if it allows and give opportunity to others who just want to start to invest in Bitcoin.

Malamok101

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Proof-of-Stake Blockchain Network

that's why the mistake of doing that is just because the bitcoin does not make a mistake why it's cracrash because bitcoin is the common use of others and it also uses it rich in the world but when it says that I do not believe because the bitcoin is the only take all altcoins and its price is not as high as other coin even though it's still worth the price yet and I think bitcoin is legit in different countries.

Get-Paid.com

sr. member

Activity: 1842

Merit: 389

Quote from: Kakmakr on December 07, 2017, 01:50:35 AM

Why would you want to stop accepting bitcoins? The volatility should not influence you at all, because most merchants use payment processors and their bitcoin is converted to fiat, as it is received. If you configured your arrangement with the payment processor to retain a percentage of bitcoins, then the spike in the price will benefit you.

Everyone has a selling point, so there will be a constant supply of new coins into circulation. ^smile^

We don't accept Bitcoin, we send payments to users in Bitcoin.
And with our Ripple Faucet seeing the BTC/XRP price going up it's only going to help us buy more for less because we get paid in BTC for parts of our ads.

The issue neither is not about our use of Bitcoin but about sending it to users.
Currently paying a user $1.00 costs us $1.00 or more in fees, Bitcoin has stopped being a friendly mechanism for small payments (other altcoins solve this problem).

We also don't use any processor, we use our own BTC wallet to pay members, we could pay the BTC to their FaucetHub account but that forces them to rely on a 3rd party - is this a feasible solution? Perhaps. But that creates one of the biggest and major problems that ever created in the world, and history would just repeat itself once again!

What's troubling us with Bitcoin?
When an asset goes up in value in such a short time, in less than 2 weeks you had it moving from $9,000 to $15,000 - that's not normal, and that spike is not something all businesses can deal with ...

It's like an importer/exporter, the exporter sends the goods and wants to get paid in BTC, the importer gets an invoice in BTC that was worth $10,000 yesterday and today it's $15,000 ... ! What's gonna happen? Would the 2 parties be able to work it out?!

If Bitcoin is going to fly fly fly ... to the moon ... then expect more and more businesses to drop it and stop using it.

If it's going to be stable like Ripple, where its price is steady and doesn't change every Sunday or Wednesday by 100% then it might be something businesses could work with ... and the more "free" it becomes the more shaky it's going to be, it's very shaky as it is now.

Rajamuda

sr. member

Activity: 924

Merit: 255

Basically I still believe bitcoin is still popular and used as an investment by many people, and more popular among people from the different countries. I'm sure the price is not likely to going down much further or will be crashed, even till it lose on its value, I think that's impossible.
But of course, behind a something that's so popular.. there will certainly be a threat or something that tried to hold back on its development or its superiority, there may be some resistance/displacement from various parties due to differences of opinion and others.

lablab03

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We need to accept the fact that bitocin vlaue is overdue. Which some of the crytpo price being cheap. So maybe theres a chance bitcoin value will collapse as soon as possible. .i know everyone here is hoping that bitcoin will be stable and continue to surge until 2018 but we cannot stop its fate.

Kiridaya

newbie

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I hope a correction happens as well, not only will it stabilize bitcoin a bit, it will also bring a great opportunity for buying Tongue

Realist247

full member

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Merit: 105

Quote from: antagonist on December 07, 2017, 03:43:04 AM

what grows up will eventual feel effect of gravity so yes it is clear to us that bitcoin price will fall eventually. but today 15 thousands dollar is good for us to celebrate it

Until you cash it out into tangible goods you have nothing to celebrate. It reminds me of that old Kenny Rogers song, "The Gambler". "You never count your money when sitting at the table. They'll be time enough for countin'....when the dealing's done."

antagonist

full member

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what grows up will eventual feel effect of gravity so yes it is clear to us that bitcoin price will fall eventually. but today 15 thousands dollar is good for us to celebrate it

isvodkabeer

newbie

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Merit: 0

My big concern isn't a price drop in BTC, although I do think that's coming. I think that a substantial price drop will cause several exchanges to crash.

There is $1 billion worth of fake value out there in the form of Tethers. When those come out, the exchanges holding those will not be able to replace that.

It's very possible a crash in BTC price could cause several exchanges to go out of business.

BTW, I did a post about this below, it's basically just the long version of what I said above but if you want to read it, here it is.

http://jamescrypto.com/what-might-happen-if-the-tether-collapses-and-how-to-profit-from-super-cheap-bitcoin/

mickymax777

member

Activity: 96

Merit: 11

Cryptologist

Quote from: Lancelot04 on December 07, 2017, 01:47:24 AM

Quote from: Get-Paid.com on December 07, 2017, 01:06:30 AM

Today is the 7th of December 2017, a remarkable day where the Bitcoin price has gone up and is currently worth over $14,500 USD.

Many altcoins are down in value as holders of these altcoins sell them and buy BTC instead - it sounds so promising, BTC is the future, the rest is not.
However as site owners who pay our members in BTC and also run a Ripple Faucet (Link: https://bitcointalksearch.org/topic/coinfaucetio-ripple-xrp-faucet-claim-every-hour-50-ref-comm-instant-wd-2436732) we have to express our opinion about all this Bitcoin hype. It has now entered into an extremely dangerous territory and let us explain.

Rule of Thumb = World Economy is Based on Trust

The issue with Bitcoin is that currently so many people "invest" in it, in a sort of a "rush train", everyone wants to hold 1 BTC, one of the 21 million BTC out there (Bitcoin is capped at 21 Million BTC). The 21m is not a problem, one dollar in some random country can be worth 1 today, 0.1 tomorrow, 0.001 next day, that's not a problem.

The problem starts when people need to use Bitcoin as form of payment and not only for speculation ... holders of BTC yesterday or today would hesitate in paying with BTC because they worry about price fluctuations - and so is the receiver ... if we get paid $100 from CoinTraffic for ads we placed in our faucet we feel "bad" we get paid in BTC today because yesterday it was worth more.

And this cycle creates a problem of TRUST.

So why Bitcoin goes up?

Bitcoin is going to be traded in several stock exchanges very soon. Those who believe that "sharks" or "whales" wait for the day of opening and then start buying or trading are only fooling themselves.

When Facebook firstly launched itself on the stock market - the stock plunged and plunged and no one could explain it - just like today no one can explain how Bitcoin went up so fast - according to ZeroHedge:

http://www.zerohedge.com/news/2017-12-06/bitcoin-explodes-above-14000-korean-pm-fears-serious-pathological-phenomena

$9000-$10000: 2 days
$10000-$11000: 1 day
$11000-$12000: 6 days
$12,000-$13,000: 17 hours
$13,000-$14,000: 4 hours

It went up from $9000 to $14,500 in less 2 weeks!

Bottom line:

If this doesn't create an issue of trust - then we're all living in a bubble.
The fundamentals of Bitcoin are great, but what we experience nowadays is exactly the opposite, and that's because we're all human beings and we lost trust in each other, we created central banks we don't trust anymore, we created a financial system that we can't trust anymore - and unfortunately Bitcoin is heading towards that territory as well.

PS Just like Steam expect many to consider the stop of using Bitcoin (we might as well) due to price volatility and high fees as these are simply not suitable for many businesses neither.

I'm ready for it. I need to get in now in a lower price. I am still waiting for that to happen. Hope it will happen soon in this month, before I can go relaxing next year.

I agree, buy the dips like everyone is saying. But I'm not seeing any dips.

ardhigalau

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Activity: 316

Merit: 100

Indeed all investments have risks, as well as bitcoin. To me bitcoin is an investment that is currently on the rise. But we must remain vigilant with attacks from governments and world banks, I'm sure they're preparing something for bitcoin.

BigBossUSA

newbie

Activity: 31

Merit: 0

Quote from: A1exander on December 07, 2017, 02:37:51 AM

Yes, I would say that correction is already overdue. But the questions are 'from which level?' and 'what will be the bottom?'. My guess is that BTC will stay above $10k, but these sharp spikes are completely unpredictable.

Yeah it shouldn't go much higher than that either.

drunkcoin

member

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Agree. That insane growth in price is weird and looks suspicious.

MrCrank

sr. member

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Merit: 258

Don't worry, Bitcoin crash is impossible.
Do you see news about NASDAQ?
Rise, rise and only rise now

Next point $25,000

worldofcoins

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Merit: 418

Telegram: @worldofcoinss

ok too the people who are say they are selling it, let me correct you, your exchanging it, Bitcoin is not a product! Its seems that many of you are greedy ass hats and are no different from the government, we should be making bitcoin a new payment method instead we are treating it as a product of greed.

cue

member

Activity: 65

Merit: 10

I hope not. But still it is hard to predict the future prices of bitcoin. If today the price has reached the amount of $14,700, i hope there's only correction on it but will continue to rise until next year 2018. I just sold bitcoin awhile for a price of around $14,500, so it was a good profit because I bought it when it was costing at $3,600 only.

nerverd99

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Bitcoin price is currently unexpected.But, I believe that bitcoin price will continue to rise in the year 2018

haroldtee

sr. member

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Merit: 299

We asked for it, now we have it. Am I worried? Kind of! We cannot say exactly what is driving the value up right now and everything we think may just be an assumption. Could it be FOMOs rushing in? OR Could it be a huge adoption based on the fact that people are losing their trust in the banking system instead and want to be a part of the real deal or as a result of the future market launch? OR whatever question we may want to ask ourselves. The fact remains that new investors are rushing in everyday. This does not have anything to do with trust as long as they understand why they are joining the train. That is where the main concern is, because I feel most new investors may just be seeing it as a chance to make some huge profit and not for what Bitcoin really is.

There could end up being a crash or a massive correction, however we want to call it, but no one really knows when that could happen or if it would even happen at all. One thing I know is that, the strength of bitcoin is increasing weekly and hope that keeps on. But until then, keeping arms crossed and monitoring the charts. If it crashes, it would just be a good time to buy more.

Realist247

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This is typical of run-ups I see in stocks all the time right before the big shorts come in and take advantage of the unbridled greed. Personally I see a dump coming before the futures markets open and the shorting opportunities begin. Once the short sellers demonstrate their resolve, the buyers will come back in at a lower price. I don't see the futures markets as being a catalyst to the upside.

A1exander

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Yes, I would say that correction is already overdue. But the questions are 'from which level?' and 'what will be the bottom?'. My guess is that BTC will stay above $10k, but these sharp spikes are completely unpredictable.

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