Topic: The Bitcoin CRASH is coming! (Read 2974 times)

Really?
Big guys with deep pockets who know this thing could reach $50k-$100k in 2,3 or 4 years easily will definitely buy at actual prices.
Especially as they all know that institionals will be able to enter the market with beginning of 2018!
For the average joe these prices right now seems to be insane, but I can assure you in 5 years you gonna see a total different, way higher number, in terms of price.
Bitcoin is an empty storage tank with a highly deflationary effect due to it's extremey limited supply, meaning it's scarcity and the game theory aspect.
While the rest of the global markets is totally messed up and highly inflated due to crazy QE. And think about the negative interest rates. Bitcoin gave you in the last 8 years a crazy ROI per year. Incredible performance! What do you think portfolio managers are looking at right now?!!
I could write a text of wall why it is not crazy to buy $10k! Do some more research, try to grasp the bigger picture, the markets Bitcoin will have an extreme impact on, from monetary, technologically, geopolitically as from a social point of view.
This is a global game changer. And not a fucking stock or bond! By the way have a look at these markets and how big they are. And then think about how much Bitcoin could suck in from there! Even with a trillion dollar marketcap Bitcoin would be tiny!!

I can understand the speculations of the author. many of us are simply scared that it can be crashed. However, BTC has not yet reached its maximum.

How much crash will happen dude, people are now in the situation to get from the minute crash and all this is just because that many of them have missed the chances to earn at the lower prices and the investor who have invested at the right time are against the crash because they want that their profit come to them faster so that they can earn and spend their money on them but the fact is bitcoin is still unpredictable.

The Bitcoin CRASH is  not coming...
IF YOU BELIEVE OR NOT Bitcoin price will be $70.000 end of 2018.

I KNOW YOUR PURPOSE
 WHEN BTC PRICE DOWN  YOU WILL BUY BTC....
DO YOU THINK PEOPLE STUPID???

Wow! You've already got a big profit right there. It is now 4x the price on the time you bought it. Nice move. And yeah, the price is very unpredictable. The delayed correction is still happening I guess. So the price might still decline though the impact is not that big. Hopefully this happen soon.

Agree. Those newbiees dont understand this nature of cryto and tend to think it wont be back up.

It's better to have a correction first than crash all of a sudden. Sudden crashes scare away new investors and it can hurt the market. Since the large fraction of price surge came from new investors they will tend to pull out if something goes wrong.

I am not sure about this and I only hope that this is the correction of the price because we see the price moves so fast. we can get prepared to buy bitcoin when the price is really crash and hold for a while and waiting the price is back increase. I think many people are getting stuck at a high price because they are buying bitcoin when it is in the top price. I think we need to wait for a while and don't be too worried if the price is down.

Meh it's a correction. The ecosystem of bitcoin is not ready for this kind of action yet. That's why we have exchanges going down and 200k+ transactions waiting for confirmation. I suspect it might go to 12k then sideways for a while.

Do you think it is crashing? Wall street and South Korea stop future trading. Steam stops bitcoin payment. Nicehash was hacked. All bad news for bitcoin. Bitcoin dropped from $16900 down to $14490 at this moment. I dont know if the correction/crash is happening.

Most people seem to lean towards going to short Bitcoin once the futures are available. I personally think the price will keep on growing for a while and then a huge dump occurs. For people who own a lot of Bitcoin it will be easy to manipulate the price with a huge sell off while going short. And of course buying back a lot cheaper later.

We are all enjoying the ride, if what you are saying is that BTC is based on trust, then how about those people who just want to ride? They don't trust i just want to feel the waves coming and they are all enjoying that.

We all know that if ever the blockchain is somehow can be hack, the this is the end of cryptocurrencies, all trust are denied and no one will use the blockchain anymore, but if we don't trust this system who can we trust> ? What can we trust. We already know that they are just making money from us (the fiat system) still we can't do a thing, we don't trust them anymore but still were using fiat?

This is not an issue of just trust anymore. Everyone wants freedom and let have them a taste of it even if we don't know how long this will go. And most of us are okie with that.

The big problem I see is that BTC is the reference for all other coins...  If an altcoin peaks in a bubble, and starts to drop, no problem, sell it for BTC, and switch to another coin or hold the BTC, and your profits are safe.  But if BTC drops, the only option to keep the profits is to convert to Fiat.

For those holding altcoins, all of which are referenced to BTC, their prices are nosediving as everyone switches to BTC, and many have lost a little bit (some a lot) of value in Fiat over the last few months.  If BTC crashes to say 25% of its current price, it doesn't just affect those holding it - it affects anyone holding any coin at all - and I'm not so sure that the altcoins will regain their value in Fiat if that happens...  

In other words, the way I see it at the moment, BTC goes up, and the value of the crypto market as a whole creeps up, but only due to the rise in BTC as the alts fall every time BTC goes on a run (I assume from people switching to BTC).  If BTC goes dramatically down (loses 50% for example), the entire crypto market drops 50%...  I just can't see BTC holders jumping into altcoins to avoid a loss when the value of those altcoins is measured in the very currency they're trying to get out of.

If you read back into the Wall Observer you will find what I am talking about (as an example). Every run up is essentially the same. While the price may differ and the ecosystem may be becoming more mature with each new price bubble, human nature has not changed.

While diverse, most Bitcoiners can be separated in into a few common categories: HODlers, Mooners, Permabears, miss the boat FOMO types, etc. Each time the price explodes you get waves of people who believe this is the big one that will be all end all, the ones who believe that it will never touch the basement levels again, those that think it “can’t go that high,” those that believe it's a speculative bubble driven by (insert random Chinese exchange, some new law, massive adoption, institutional money, etc) and then there are the few and mostly silent that understand basic human instincts drive and are influenced by what is going on.

I’m not sure where some individuals 'learned’ the belief that the financial sector can growth exponentially indefinitely... Understanding humans are heavily influenced by sentiment allows you to understand the predictions being made by some people in these forums. Bullish/Bearish, these things only matter with regards to sentiment. Instincts dictate behavior while sentiments influence instinctive behavior.

Yeah might be a problem for them and maybe theyll doubt it more cause of that dip and pump. Hoping for a good correction of bitcoin so i can relax a bit. Cant relax with a wopping $15000 value of bitcoin for just a day it rose up to $1200 for the day. Imagine that.

Really are the sentiments identical? I see more bearish threads than bullish ones?
Right now on ths board 70% of the new topics today are on predicting when it will crash and by what percentage it would crash down to.
Was it really like this in 2013?

All the issues concerned in the OP are definitely one needs to think about. The unpredictable rise of Bitcoin has put everyone into deep thoughts about Bitcoin future. All the current situations are facing towards Bitcoin being a bubble and if this bubble explodes this time, it losses its value to greater extent even the 50% correction in the price can take place. The recent behavior is not at all suitable for Business and normal payment system, all these things are inviting Bitcoin towards crash.

This is something I agree with, many alts have marketed themselves as if they have all the answers to the problems bitcoin has, and the truth is that is not the case, their networks are only fast because no one uses them, people only uses most of the altcoins as speculative products, now the chances bitcoin crashes go up the more the price goes up at that speed but if you are a holder you should not care about such a thing since bitcoin is still too cheap for me to sell my bitcoin.

It is true that in just 2 weeks bitcoins value has already increase by $5k, but it is minght not be the reason we should bothered and conclude that Bitcoin Crash is coming. Let us just say that demands of bitcoin is quite increasing and gets widely known also corrections are made simultaneously during the step up of bicoins value so when its price goes down, it would not a huge drop or like a buble.

Gday all,



Mate -
I didn't jump over anything, conveniently or not. I simply used the common repeating pattern of 1,2,5,10 to make the point.

BTC has had corrections and downturns, yes.

But I do not think BTC will crash to near worthlessness.

Admittedly, the term 'crash' is a little ambiguous.

BTC is secure, and it's hitting the mainstream - it could rise and rise without another huge drop.

Kapyong

Probably a drop will come, dont know about crash.
I believe it to be a small one so cannot term it crash. But yes somethibg like that will come at year end week.

This actually is threatening the hell out of me . When Bitcoin first went to the price of $10000 , I did not fear of t being a bubble and getting crashed because for some days it did become quite stable but from last 3 days bitcoin is on a roller coaster . There is no stopping or slowing down for bitcoin . Bitcoin was up by $2000 in one day . Isn't it insane ? This is now rising the fear of some bubble situation in the mind of many people . There is a need for bitcoin to slow down .
Every user wants Bitcoin to touch new height but that process needs to be steady . The velocity is too fast right now .             

This is crazy ... getting towards $17k ...

Wow ... it's the biggest bubble of all ... this is going to be so bad.

The bubble will explode soon but bitcoin will not collapse... I think it will stay for a while around 5k...

That’s what I fear. So many are getting in now with the expectation in won’t stop. Just like the last two bubbles, many people are going to lose their shirt.

I think the analogies are somewhat limited. A business can be valuated. Bitcoin is nothing except a conventional a holder of value. I think the bitcoin support is too much in sentiment and history, i.e. if people got in at a late moment, they'll want to conserve the investment and act as strong support.

Sure there is panic selling and stop-loss orders and some correction may be coming, but the hodlers might offset the correction pretty nicely.

bitcoin is hard to predict. I think prices will fall, but i think only stop at $ 10000-12000. profit when buy Bitcoin last month to this month is an extremely large number and of course, the shark will sell them for profit have exceeded that goal even exceeding the target. Investment in 12k not really is straight gambling. if the long-term investment now is still a good time

for me it is not known how the currency will behave....this moment is very beneficial for those who have long been invested in bitcoin...for beginners the situation is very dangerous

Yep, as usual once it goes parabolic it means a crash will happen sooner or later, it's a good time to take some profit but if you are a long term holder uninterested with the day to day price there is no reason to sell. Over the long term bitcoin always recovers.

Right now the price is going up on expectations of big money from bitcoin futures, as with any bubble its impossible to say when it will pop, it could happen at $20k or $30k, and the crash might even only go down to around today's levels after that crash. This is the fundamental problem with bubbles, even if you know it's there selling could be a mistake.

Again, it's in the run up to Christmas.  There is always a bump about this time of year.  I always assumed it was people stocking up on "substances" for the holiday season.    I guess this run is pushing down the price of drugs. 

A price correction around that $1K or $2k is nothing compared to the rapid increase that  it has experienced and that however it is still unusual,and even though the idea of a big crash coming can not be completely discarded thoroughly there is perhaps still a little more chance that the price does not go down in an inordinate way.

Ah man, this current run up reminds me so much of the $1000 USD bubble a few years ago. Comments on this board are identical... Sentiments are identical... It remains to be seen what futures will do to the BTC price, but regardless, we all know what goes up must come down. I personally think futures will be deleterious on the BTC community for awhile. My thoughts from the beginning have always been that BTC technology was invented as a solution to our current financial trajectory. It’s somewhat disappointing to see our current financial instruments assimilating into BTC ad hoc. It gives a bad taste, as all the problems that come with fractional reserve banking and some speculative financial instruments will just parasitize BTC.

None-the-less, if BTC is ever going to truly succeed, this is going to happen to some degree. The exchanges are the ones who will truly benefit initially from the futures trading. After all, their BTC price quotes/infrastructure are the ones directly being traded on. The deals made to allow futures trading to even exist here must have been something to behold. It’s for a reason. The gov’t regulates exchanges which in turn moderates futures. Very much a top down strategy. The bottleneck is exchanges and currently that is where most people go. Once futures opens, there will be mass influx in futures shifting the bottleneck to futures and I predict a lag in exchange trading. This will slow the price, influence the type of futures sold (mostly shorts) and the exponential rise in price we have now will fall out and reset itself for another run up in the future.

It may be the opposite indeed for another few days/weeks/months but there are too many flaws in it ... it's not different than any other Ponzi Scheme ... when people buy it not because of the technology but because of speculation then it's killing all the good thing that comes with it.


Imagine a normal local grocery shop selling goods day after day.
There are people coming in and buying goods, there are suppliers selling good and overall the owner can be pleased with the business.

The owner decides it's time to have his business listed in the stock exchange in order to attract more investors.
In the beginning it's all going well, the stock is rising steadily with some drops from to time.

But then all of a sudden, comes 1 week where the stock is rising and rising and rising and the owner has no clue where it's coming from.
It gets to a position where the value of the stock reflects a sheep of investors who simply buy and buy without knowing why.

What do you think would happen to that stock?

There seems to be some confusion about this. Bitcoin IS NOT going to be traded. Bitcoin is just going to be the underlying "asset" being traded on futures. All the trading shall be done in fiat. So, whales do not need to buy anything, as they'll open and settle the transactions is fiat.

OTOH, a price pump and then subsequent dump opens the possibility for very profitable short positions in futures. However, it only makes sense if at the time of the contract the BTC value is HIGH. So, if a manipulation is being conducted, the crash is profitable only if it happens after the futures start trading and contracts are exchanged.

But any position must have an opposing buyer. So another whale must get stinged if some whale is going to make money on shorts. Therefore, some whales may think just the opposite and open long positions. Entraping whales wanting to short with the current pump, then going for another pump.

All's swell since bitcoin markets are not regulated and price manipulation is not illegal. It is therefore hard to predict that futures will trigger the crash. It may be the opposite.

Indeed that's what we do:

When people buy bitcoin for investment purposes and not as means to transfer funds, then this "investment" takes a different route and instead of becoming the "Anonymous PayPal" that would be in the future - it turns into a ponzy scheme.

The product can serve well for 20 years but when "the market" (miners, China, those who decide to approve/disapprove forks) is turning things in a shady way - then you can certainly expect them to be shady.

I really do not know why someone wants to open such thread with this title "The Bitcoin CRASH is coming!" when after every price increase or pump we have price correction,which is quite normal.Besides, everyone has the opportunity to profit from this pump,old investor or people who bought BTC just few days ago.What exactly will bring bitcoin futures and how will this affect on BTC long term we can only speculate.

I think bitcoin proved and showed its resistance and strength through the years,another correction will mean nothing.Anyone who thinks otherwise sell BTC for fiat or buy some other coin.

I didn't expect me for this whole growth but with these presuppositions I would not surprise me if it climber more and more yet

There will be a price correction once the pump has been over and we should be expecting around $1000 - $2000 price correction given how much the price has increased. As for bitcoin crashing, I don't see that happening. I mean come on man we all know that bitcoin is highly market oriented and it will be there as long as people use it and there are people mining it, people would probably even use it even after all the bitcoins have been mined. There will be big dips but I don't see bitcoin crashing, at least not now or in the next 25 years.

Reminder - the Fed should announce an interest rate rise next week, next week Bitcoin would be listed on future contracts in several stock exchanges - it's going to be very interesting.

Well said.
We are going to sell more BTC and buy more XRP today.

As we mentioned we believe in Crypto Currencies, we just don't believe in this current hype but if the market feels like inflating the price by so much - sure, by all means, give us more XRP. 

There are too many people want it crash to buy it at cheaper price But it always rise..

So scary.

Actually what happened when BTC hit one thousand was a year-long deep going down to 200 if I recall correctly, so it fully deserved a word "crash". Actually I would be expecting something similar to happen at the levels we are having now too: a deep to, say, 2000. And then, after the deep,  we could wittness a prolonged run to, say, 100 000

AFAIK you can't do anything more with BTC now than you could when it was $1000.  I think the whole ICO and forking thing has brought a lot of people in looking for a quick buck.  Their loss when it all goes south.

I think it's hard to predict what will be happen on bitcoin. Maybe speculation is more enough about bitcoin and the expectation in bitcoin is much more than achieve the speculation of people regarding the bitcoin price hike. Yeah, maybe people are expecting a lot on bitcoin what will be next on the price hike of bitcoin.

Great point. I've been telling my friends amd workers about it. All of us agreed that now the current bitcoin situation is defeating all the purpose of why did satoshi san created this currency in the first place. Unlike before now I can't even dare to send my btc for any transaction

i am still awaiting the crash since months to get some cheap btc again.maybe btc will be stable at 15k $ but nobody knows!,every day a lot of new want to have btc so it can be than btc wont stop increase soon.

guys bitcoin crash already gone some weeks ago when segwit2x canceled. Bitoin was dead for some seconds when someone says - the future behind the bitcoin cash
Next crash will be when segwit2x try complete his work again

BTC is still low market cap compared the world economy, BTC is the closest to be a daily used digital crypto, ripple is not (yet).

Yes, that's what we use for our faucet as mentioned in the very first post in this thread.
Ripple solves lots of problems that Bitcoin cannot solve, one of them is sending micro transactions for such a small fee.

In fact at the current rates we are converting more of our BTC to XRP, because we firstly need it for our faucet and secondly because BTC/XRP has never seen rates like this and it's a good thing to take advantage of it.

that is a very valid point.
in terms of usability the hike in price is not a good news.
for trading purposes a more steady coin is needed.

which means that bitcoin will be more of an investment token not a coin that we will be making business transactions in.
which leave us with ... ripple?

it is possible that the pump is the bit for the launch of the futures on December 18. And after a peak point or somewhere in the area of Christmas goes hard (or not hard, but long) drain. For this you need to be prepared.

The ability to transfer money across borders and essentially completely circumvent Customs is a very big deal.  Governments are not going to announce crackdowns and draconian capital controls...especially in "free" countries.  They are going to quietly introduce them in health care bills and tax bills with little or no mainstream media reporting.  This is an enormous fundamental negative.  China is watching 64% of its millionaires that have declared that they intend to move their capital abroad.  It is inflating the housing markets in Australia and Canada to obscene levels where local governments are being forced to implement 15% VAT on incoming funds.

Believing in crypto is fine.  But ignoring how swift and ruthlessly governments can swoop in and cooperate with one another to put a stop to capital flight is an enormous fundamental mistake.  Look at FATCA in the USA.  Hong Kong banks will not even open bank accounts for Americans due to FATCA regulations.  I've heard other nations no longer accept American accounts.  Once other nations start cutting deals with one another to crack down on cryptos circumventing Customs it will cause a nightmare for the cyrptosphere.  What's the use of crypto to transfer money if it needs to be converted to fiat at one point or another and the limit is $10,000 before it gets reported to the FEDS or the banks freeze the account for "suspicious" activity?

This is going to get very ugly and stay that way...until crypto can be exchanged globally without being used as a fiat intermediary.  So the idea of running into a proverbial brick wall due to limited utility use could cause periodic and large exoduses from time to time.

for beyond any doubt despite everything I trust bitcoin is as yet well known and utilized by many individuals speculation, and more prominent among individuals from various nations. I'm certain the cost isn't probably going to go down considerably further or will be slammed, regardless of whether it lose on its esteem, I think it is incomprehensible. Obviously, behind a something that is so well known. there will unquestionably be a danger or something that endeavored to keep down on its advancement or its prevalence.

You can never underestimate the banks - don't think the banks or the governments are not taking part in this ... just because the Media is telling you they are concerned - it doesn't mean the governments & banks are clueless and helpless - they are smarter than most people think and they 100% part of this type we're all witnessing at the moment.

That's correct, but probably this is not going to be the trend.

We believe in Crypto Currencies.
Crypto Currencies are the new "Anonymous PayPal" and PayPal has only grown since it was established.

The way to transfer money on Friday night which arrives only on Monday morning (assuming there is no bank holiday) between 1 country and another is definitely going to change.

So Crypto is the future, but Altcoins will supersede Bitcoin, just wait and see - people drop all their Altcoins to buy BTC as a part of a "sheep effect" but look at the fundamentals.

Note that you conveniently jumped over $1400 where BTC spiked and then crashed down to as low as $200 and stayed there for nearly 3 years.  If history repeats itself in this market driven by few fundamentals, we could easily be looking at $14,000 fall to $2,000....and there's nothing fundamental that would prevent that from happening...especially with the kind of people pouring in money at this point.

Yes, that's a valid concern.
With the way the markets behave expect big gateways / exchanges to collapse and crash - this won't add trust to BTC, that's for sure.

What's floating the stock market is the low interest rates around the world.
Investors cannot save money in "fixed deposits" in the banks because the return (ROI) is so minimal so they buy stocks, and others buy stocks as well and sometimes there are bad news causing stocks to drop but then more people buy it.

The stock market is one thing, but Bitcoin is not 100% a stock, it's a type of currency, it has fees, it needs to be accepted by 2 parties, it's a whole different concept.
By the way no one really knows what's going to happen with the stock market - will it go up forever? probably not.

Hmmm...
Bitcoin will crash, eh ?

Methinks I've heard that before :

BTC hits $100 - "it'll crash soon"
BTC hits $200 - "certainly crash soon"
BTC hits $500 - "gunna crash real soon"
BTC hits $1,000 - "must crash soon"
BTC hits $2,000 - "crash soon now"
BTC hits $5,000 - "for sure crash very soon"
BTC hits $10,000 - "definite crash coming"
BTC hits $20,000 ...

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.

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.

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.

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.

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.

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

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."

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

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/

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

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.

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

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

Don't worry, Bitcoin crash is impossible.
Do you see news about NASDAQ?
Rise, rise and only rise now
Next point $25,000

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.

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.

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

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.

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.

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.

yes, I agree with you that bitcoin is hard to predict, I do not understand bitcoin, last I see bitcoin price is at point $ 12000, and today? bitcoin drive me crazy.

Many people got FOMO'ed. The increase does not make any sense, No one with a sane mind would Invest right now maybe at 10K could be the possibility. A pullback to 9k is expected, but I'm not sure when. In my opinion, people who bought at 12K+ is straight up gambling not really trading or investing.

you say that as if you don't believe it!
the thing is, majority of the altcoins specifically the top ones that everyone hypes these days, are worse than bitcoin. you just don't see the issues in them because they are not used. they just hype it and pretend they are better, more promising, better scaling, etc. but when it comes to reality they all fail, harder than bitcoin. google crypto kitties and see how it crippled ethereum for 3 days now.

and yeah, bitcoin will crash like it always does after a big rise. but in the end it will pick up again and continues rising because it has that "real adoption as a currency" not just speculators who are in it for short term.

what will happen after the crash? and how deep is the crash?

last months we only get a very small correction and very big rise just check last three months.

personally only hope stable of price because nonlinear increasing is so risky for future

Well we wanted Bitcoin to become popular, and we're currently getting it. More and more people in my circle are mentioning Bitcoin, and most of them are looking into buying. Everyone wants to get on the action, and I believe that's why we're rising so high.

I don't think people not wanting to spend Bitcoin has anything to do with trust, or at least trust as I understand it. All it really boils down to is Bitcoin's deflationary nature. Currencies all around the world are inflationary by design. You do not get an incentive out of hoarding them. Inflation spurs spending, and the very opposite is happening with Bitcoins.

Either way, I do believe we're due for a correction. I've been expecting one since we've hit $11k, but who knows at this point. Crash is too strong a word in my opinion, but what do I know.

My assumption says it will skyrocket another 50-100%, then insane dump will occur so people can short with profits.

Whole point of futures is to enable ability to short BTC so it will be shorted. Alot. 

Maybe the price of bitcoin will crash but I don't think it will happen now.This price of bitcoins is already expected as bitcoin will reach $14K by end of 2017,so all people want to hold their bitcoin never wanna sell because bitcoin price is going crazy.As you said the altcoin holders want to sell their coins to buy BTC so the price of all altcoins decreasing even ethereum and litecoin facing price fall.
I believe that bitcoin price will continue to rise in the year 2018 but no one knows the exact answer so we have to hope that bitcoin will not crash.

Still unpredictable. Bitcoin have a lot more surprises than we expected. So what is your plan with your bitcoins?

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^

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.

Bitcoin is not based on trust, and that is its appeal. The banks and others in the fiat money system have betrayed our trust, and that is why Bitcoin was created. We are starting to see an increase in the failures of the established banking organisations, and I believe that will cause a rush into Bitcoin and other crypto-currencies.

i hope bitcoin doing correction first. bitcoin price is currently unexpected. profitable for old investors who's holding bitcoin. but for newbie who begins to deposit its very heavy. 

It's hard to predict or speculate in the very short term but you shouldn't look at this specific date necessarily for big moves - it's the days before that are interesting, the market always behaves differently before the actual event to a certain degree.

Also we could be in a "bullish" period for another week or month but the fundamentals show lots of cracking and that's what's going to bring it down ... the idea of "Anonymous PayPal" (i.e. Bitcoin) is welcome but its fundamentals are broken when we live in such unprecedented times.

What is your opinion about what will happen to btc price when futures opens on the 11th?

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.