The Price of Bitcoin Will Collaspe ....UMMM

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Quote from: shoreno on October 10, 2017, 06:29:24 AM

Quote from: CryptoDream2049 on October 09, 2017, 11:27:23 PM

What are they saying the price will co;;apse the charts sure do not say that. We can expect at some time that we will get a retrace and will pull back. I surely do not except to see this back at 800.00$.

Mr Kenneth Rogoff said that he feels Bitcoin will fall. He feels that this is all due to regulation and central banks. I do feel the price will not stay at this high and I do not see it going much below 3000.00 $. We will have
to look at the liquidity and the trading volatility, if this does not happen the chance is the price will just remain in a tight range. As we know as Financial traders this is very common in all instruments.

ive heard many storries like this before that a randon guy says about the value of bitcoin will fall but none of them had got it right. as you see these days bitcoins value is now rising and continue to get high and more people including me are expecting that bitcoins value
will climb to 5000$ soon. although its normal for the price to go up and down or fluctuates because bitcoin is volatile.

Yes I also agree with you these are the different stories from different people and I don’t know why they are doing like this because I am a trader here and I am using bitcoin on daily base and I am connected with world I did not see any collapse about bitcoin everything is going smoothly and perfectly bitcoin is going more stable and stronger than before.

richkellj

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Quote from: chutchmcgillicutty on October 10, 2017, 12:58:24 AM

I can see a crash coming. Just look back at Bitcoin's history, there's cycles of booms and busts. Seeing it bottom out in low to mid 2000s is not outside realm of possibility...

I feel we are seeing too much and speculating more than even what we cannot see. We cannot compare history to this present date. So many things have changed. If we want to compare history, then compare some of the things that happened in the past and how it took bitcoin a while to recover to what is happening now and how fast ot took bitcoin to recover. Sure, nothing is impossible but foreseeing a possible crash is just a dream that will not happen except something ends up going on pretty bad which I do not at least see. If you feel that there is going to be a crash though, please feel free to dump yours, so many of us are on ground willing to gulp it at your low price Grin

jackhdt

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I don't think it will happen.Bitcoin is very successful now as of now the price of bitcoin is very high. bitcoin has overcome the storm from China and there is no reason to discount its price again

Beparanf

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Burpaaa

Quote from: audaciousbeing on October 11, 2017, 09:29:14 AM

Quote from: chutchmcgillicutty on October 10, 2017, 12:58:24 AM

I can see a crash coming. Just look back at Bitcoin's history, there's cycles of booms and busts. Seeing it bottom out in low to mid 2000s is not outside realm of possibility...

I really dont understand the reason for this conclusion because to the best of my knowledge what is being witnessed now is still recovery to the point where the price was able to reach and this has been happening for couple of weeks still the peak point has not been reached. Price has crashed even to below $4000s but this time, I am optimistic the recovery will be constant at above $4500 but after the fork, we can then see a full blown price because a lot of people who are hoarding to get higher amount of equivalent coin will have more money to buy more.

I understand the fear but I dont see price crashing back to the 2000s.

After the fork definitely dump will happen, we only buy btc now to have free bitcoin gold after that we will be back on trading of alts. So better not expect too much after fork.

audaciousbeing

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Quote from: chutchmcgillicutty on October 10, 2017, 12:58:24 AM

I can see a crash coming. Just look back at Bitcoin's history, there's cycles of booms and busts. Seeing it bottom out in low to mid 2000s is not outside realm of possibility...

I really dont understand the reason for this conclusion because to the best of my knowledge what is being witnessed now is still recovery to the point where the price was able to reach and this has been happening for couple of weeks still the peak point has not been reached. Price has crashed even to below $4000s but this time, I am optimistic the recovery will be constant at above $4500 but after the fork, we can then see a full blown price because a lot of people who are hoarding to get higher amount of equivalent coin will have more money to buy more.

I understand the fear but I dont see price crashing back to the 2000s.

danherbias07

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They always speculate but that doesnt mean it will always be true or will happen even if they are people with power.
Get your own speculations and rely on that. So you wont be blaming anyone if you suddenly made a wrong decision.
There is too much people in the bitcoon world now and some of them wants to be Nostradamus. Cheesy

Sasuke102001

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Bitcoin value would not collapse yea but maybe bitcoin prices may go down. Previously China banning bitcoin affected Bitcoin by a good margin and the value fell up to 3000 dollars but later Bitcoin recovered well soon enough. So it can be said that Bitcoin would not collapse but the prices may drop in near future.

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Most collapse occur after an all time high like what happened last August when Bitcoin's price reach $5000. China bans ICO then the price went plummeting down to $3000. Correction in price might normalize it in a few weeks but to rally it above the price it went down from is really hard. It might take months just to get near to it. A chance of collapse will always be there but the community is willing to move past and go beyond it.

Opquar

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It's not going to collapse. Not anytime soon, at least. We survived China's assault on Bitcoin and recovered within a few weeks. This is despite China being one of the largest Bitcoin markets. Something immensely catastrophical will have to happen for Bitcoin to suddenly collapse. Personally, I'm not sounding any alarms until we drop to below $3k.

audrey12

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Bitcoin is very successful now so I don't think it can collapse even central banks will look into it. Maybe they will try to control bitcoin by putting its price to a lower value but since the demand is tremendously increasing while supply needs to provide enough and the numbers of bitcoin in the circulation is limited, there is no way other than to increase the price so bitcoin will sustain.

oegarod

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The term collapse has been given different meanings. Based on which I believe that it won't collapse, but the price variation happens quite often and if it's to collapse the incident should have taken place long back when the price fell low because of lacking of support from the top authorities.

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Quote from: nl247 on October 10, 2017, 07:42:11 AM

Quote from: NeuroticFish on October 10, 2017, 04:22:17 AM

Quote from: CryptoDream2049 on October 09, 2017, 11:27:23 PM

FUD

I don't know why people read and spread such FUD, especially for threads made by accounts with very few posts, clearly made especially for this purpose.
But life is fun, let's grab some popcorn and watch a new episode of FUD and market manipulation.
If Bitcoin will crash so badly, it'll come back easily again. It's getting better and better on this.

You cannot really blame them even in as much as they know their FUD is just like an ant farting in the presence of a huge wind. They are apparently not happy that they missed the train of not buying at the value they wish it would drop to now and they wish a time will come in their life they will be able to have those months back. They should keep spreading the FUDs, dreaming of a crash while we keep progressing.

I don't agree. Indeed, the ant example is pretty good. However, they come in teams and there are usually will be a lot of ants, some rabbits, maybe some cows and even elephants too.
The idea is that they get to make some smell sooner or later, depending on how much are they allowed to fart.

For every piece of FUD, some may believe it, some others might find interest in spreading it and at the end some get burned. And I hate to see that.
It's not much about missing the train. It's more about day trading...

Wind_FURY

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Quote from: AT101ET on October 10, 2017, 02:22:32 AM

It reminds me of the house pricing bubble that has hit the UK in recent years. The trends show uunsustainable growth as the rise was continuous and not showing any signs of slowing down. The nature of most assets is that they work in similar patterns. If there's too much growth over a short period of time, once the 'hubbub' dies downs, the price will correct itself and revert to a 'normal' price point.

A legendary member like you should already know that Bitcoin does not work like any other traditional market. If there the term "new economy" should be used, it is supposed to be used for Bitcoin.

Quote

The only problem with applying this to BTC is that BTC is different to all other assets and has continued to shock economists. Don't take their word for it because you can rest assured that BTC will be noticing new ATH in the near future.

So on what side of the argument are you really in? It looks like you are trying to play it safe.

fanbeila

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Quote from: RoommateAgreement on October 10, 2017, 01:44:49 AM

first of all stop spreading FUD

secondly stop spreading FUD in altcoin board about bitcoin. there is a board for your FUD called speculation board Cheesy

this board you posted this in is for altcoins!

finally. a lot of people have been saying a lot of bullshit about bitcoin for as long as bitcoin existed. you think you and the person you are quoting are the same to do so! even back when price was $1 idiots online were saying "bitcoin price will collapse". it really doesn't make any difference though. bitcoin is on its own path and even if millions of topics say it will collapse it will not and if millions of topics say it will rise it still will not.

the trend is obvious and perfectly visible on the charts...

Absolutely,just spreading FUD.We just saw that even china's actions against bitcoin has failed to stop the progress of bitcoin.FUD spreaders just used topics about china over these years as every one believed it since china always had an upper hand over the bitcoin market.And now,game about china is almost over.So,FUD creators are struggling to find a way to make people once again believe that bitcoin price will collapse.

But this time,FUD would not work as before as almost most people have become aware of bitcoin's potential.Just these guys have to just dream,dream and dream that bitcoin price will collapse.

nl247

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Quote from: NeuroticFish on October 10, 2017, 04:22:17 AM

Quote from: CryptoDream2049 on October 09, 2017, 11:27:23 PM

FUD

I don't know why people read and spread such FUD, especially for threads made by accounts with very few posts, clearly made especially for this purpose.
But life is fun, let's grab some popcorn and watch a new episode of FUD and market manipulation.
If Bitcoin will crash so badly, it'll come back easily again. It's getting better and better on this.

You cannot really blame them even in as much as they know their FUD is just like an ant farting in the presence of a huge wind. They are apparently not happy that they missed the train of not buying at the value they wish it would drop to now and they wish a time will come in their life they will be able to have those months back. They should keep spreading the FUDs, dreaming of a crash while we keep progressing.

shoreno

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Quote from: CryptoDream2049 on October 09, 2017, 11:27:23 PM

What are they saying the price will co;;apse the charts sure do not say that. We can expect at some time that we will get a retrace and will pull back. I surely do not except to see this back at 800.00$.

Mr Kenneth Rogoff said that he feels Bitcoin will fall. He feels that this is all due to regulation and central banks. I do feel the price will not stay at this high and I do not see it going much below 3000.00 $. We will have
to look at the liquidity and the trading volatility, if this does not happen the chance is the price will just remain in a tight range. As we know as Financial traders this is very common in all instruments.

ive heard many storries like this before that a randon guy says about the value of bitcoin will fall but none of them had got it right. as you see these days bitcoins value is now rising and continue to get high and more people including me are expecting that bitcoins value
will climb to 5000$ soon. although its normal for the price to go up and down or fluctuates because bitcoin is volatile.

alyssa85

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Quote from: cicio on October 10, 2017, 01:21:50 AM

even if everybody agree to the fact that this gold-fork is one more "fake" btc... its seem to me clear that majority of traders will do the same behaviour like we so in the previous fork... and for me is absurd... becouse if btc comunity go on in this way... why not a fork every couple of months?' it could happen!! so... thats depend just of the behaviour of the comunity. anyway, even if im a btc holder... more forks get real (and followed by people that sell alt fot this event).. more btc get a scam coin becouse of his comunity. i dont want to belong to this part of the btc holders... so i will not sell my altcoins to have more btc for pandering one more absurd fork.

Spot on.

What people have missed is that prior to August 1st, Bitcoin and Peercoin were the only major sha-256 coins that the asic miners could mine. All teh other coins were either scrypt coins, or proof-of-stake coins.

When bitcoincash launched, some miners switched to mining it, causing bitcoin blocks to slow down - you could go up to an hour between blocks.

Now we are going to have FOUR sha-256 coins in addition to peercoin. Which means that suddenly bitcoin goes from being extremely stable, to wild swings in the mining, similar to what happens to the massive number of scrypt coins.

The only solution is to kill some of these chains, not issue a new chain every few months. Investors have lost their senses thinking that a fork every few onths means extra money.

bifle

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There will be a crash for sure, with all the FUD that will happen during next month.

Will it be below the "China banning bitcoin" dip last month at 2500$ ? I think it could be, if the 2X team is making enough trouble.

Lieldoryn

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Quote from: Jovovich on October 10, 2017, 05:23:37 AM

Quote from: matuson on October 10, 2017, 05:19:59 AM

Quote from: NeuroticFish on October 10, 2017, 04:22:17 AM

Quote from: CryptoDream2049 on October 09, 2017, 11:27:23 PM

FUD

I don't know why people read and spread such FUD, especially for threads made by accounts with very few posts, clearly made especially for this purpose.
But life is fun, let's grab some popcorn and watch a new episode of FUD and market manipulation.
If Bitcoin will crash so badly, it'll come back easily again. It's getting better and better on this.

I also think that such rumors are spread by those who are interested in order to undermine the credibility of bitcoin and to bring down the price on the market. But I am sure that all of their efforts will be in vain. All perfectly understand that now the price will go up and you need to be a complete idiot to now sell bitcoins.

Bitcoin just needs supporters and investors to at least maintain its tenure or go further. The lose of asset could really affect the price like when Chinna announced banning but it wont vanish easily even with those kind of loses

Bitcoin is a currency which can completely change the world. If developers, users and miners will find the understanding that will be beneficial to all. I am not afraid of the reaction of China. Impossible to stop something that brings people joy. Any government is only a few people who are chosen people. If China will not use bitcoin then it will do all the rest and they will still be forced to accept it.

Jovovich

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Quote from: matuson on October 10, 2017, 05:19:59 AM

Quote from: NeuroticFish on October 10, 2017, 04:22:17 AM

Quote from: CryptoDream2049 on October 09, 2017, 11:27:23 PM

FUD

I don't know why people read and spread such FUD, especially for threads made by accounts with very few posts, clearly made especially for this purpose.
But life is fun, let's grab some popcorn and watch a new episode of FUD and market manipulation.
If Bitcoin will crash so badly, it'll come back easily again. It's getting better and better on this.

I also think that such rumors are spread by those who are interested in order to undermine the credibility of bitcoin and to bring down the price on the market. But I am sure that all of their efforts will be in vain. All perfectly understand that now the price will go up and you need to be a complete idiot to now sell bitcoins.

Bitcoin just needs supporters and investors to at least maintain its tenure or go further. The lose of asset could really affect the price like when Chinna announced banning but it wont vanish easily even with those kind of loses

Topic: The Price of Bitcoin Will Collaspe ....UMMM (Read 840 times)