Topic: Unlike alts Bitcoin will not crash (Read 2191 times)

I believe you are only one person who are waiting that bitcoin come back to crash. Almost, everyone like and waiting when bitcoin cross $2000 and now people's dream come true. Can i ask Why you think that bitcoin come back?
If i wish bitcoin price come back only one reason that i want to buy a lot of bitcoins in a low price. Otherwise, definitely i will not like that bitcoin price come back.

Not all alts are for pump and dump shit coins. There are few legit altcoins that in the future may compete with bitcoin. You can buy and hold on some of good altcoins out there. But if a person becomes a bagholder of shit coins, it is his fault that he did not do research or even give an effort to know the shit coin he is buying.

As some body already mentioned, indeed we haven't seen the real Bitcoin price yet, Japan was just the start now I'm more interested to see what happens when 50 countries do as Japan did, maybe we see $150,000/BTC?
About alts I must say this:
Imagine yourself with 10 others mostly close friends coworkers, team members launching a "cryptocurrency" and then start mining it for a few years with having 90% of the total hash power.
Then you will go to one or a few of exchanges and start buying and selling from each other, of course a few lucky miners in between see the price increase and dump in the middle and earn their profits no doubting that, while you guys are pumping some greedy traders see the opportunity and start buying pumping the price up high just to sell later and they will sell to others(unsuspected traders)then after a while when a support wall has been built you will start the dumping and other newbies thinking wow some cheap coins and put their money and gladly pick your dump.

Then coinmarketcap shows billions of dollars as your shitcoin marketcap, now you see how these alts can work and deceive people?
And yes as the people move in and invest they will replace you but you just made millions doing nothing but mining for a few years, Bitcoin however is shouting for years to the world and saying come and mine me.
Why don't you go and mine alts instead of investing? that's right most of the pumped alts are not mine-able go figure.

It looks like none of the major alt coins will have a crash ,we could see minor corrections ,other than that nothing bad is going to happen,look at the rally we had in Zcash and Dash,these kind of rally is not because of a major pump and dump scheme,it is because there are major investments in these coins .

Can make predictions, but there is no assurance of price increase. For this it's good to invest into few altcoins that has signs of pumping high. Right now the price is high, so buying at this price and profiting when price grows higher is more risky than just investing at low price and waiting long for price increase.

This is something to go on debate real debate. What is that you this is crash, price down or to coin go to 1 satoshi. In both cases we saw that some rise from ash and now are pretty good ones. Ans yes bitcoin cannot crash like any alt one. Some alt controlled by individual or several ones and they can do anything anytime, so when alt crashes you lose lot.

If you think the price can get as high as 2400 before going down then take the opportunity and buy now earn good money in just a few weeks or day and then sell and wait for the price reduction and make even more money.

Well I didn't bought any of the single altcoin of the xbyte , but surely Thier are many altcoin which have no wallet ( I mean their wallet get offline and coin get stopped to mine ) but still they are at the exchange , here the big example is that many altcoins are in this market of cryptocurrency   that are having this quality .
Two exchange , one is yobit.net and second is cryptopia  , both of them are having lots of dead coins , and most of the dead coins have no wallet to withdraw ( and most of them remain offline ) .
So here in my opinion , before to by any altcoin , we should check at the all news and atleast status of the altcoin is what ? .


Note: Well here I am not trolling any exchange , I am talking about the dead coins that are still in few exchange .

That is merely speculation on your part because we may not see "the real Bitcoin price rise" or this is already the real price rise.


I disagree. The growth of Bitcoin will coincide with the growth of the dark markets where Bitcoin its use case makes the most sense.

Bitcoin will crash when all of the other coins markets will be crashing down. Ofcourse in the bitcoin market that will be just a correction compared to the alts massacre.

It always happens like this. Major alts when crash down takes bitcoin with itself. It makes absolutely no sense other than panic. As people are changing their shitcoins to bitcoin and when they see that bitcoin is tanking as well, they dump the bitcoins to fiat as well. It makes no sense, other than human psychology and possibly manipulation as well.

I agree with you that Bitcoin has lots of upside potential.
But what scares me is that the recent altcoin speculators will get burned so bad, when that bubble pops, that even Bitcoin will not be an option for them anymore. Japan could screw it up again.
At least this is a scenario we have to take into consideration imo. So although Bitcoin isn't in a bubble yet or mostly at the beginning of getting into one, the crash of the altcoins, which will happen, may take Bitcoin down as well to a certain level.
This feels like dotcom to me what's going on right now with the alts. We will see a lot of blood. People who will lose a fortune cause of greed will cry for regulation and so on.

Yes,if any one wants bitcoin price to crash under $1000,i think it would only remain as a dream and its far away from reality at this time.Bitcoin is going in bullish trend and its already predicted that it would move through out this year in the same trend.Just don't miss the train.

Well provably your thoughts will come true but we can't elimanate those people who would provably spread some hypes so that they can make bitcoins price crush for a while and it is proven that this thing really happen unto it. But if all of us will cooperate with this surely the 3000$ speculation will come in reality and that would be the good thing for us to see.

Lol can't understand for the life of me why BTC hodlers are so impassioned by the increase in alts. If you're a hodler buy and fucking hodl. I'm a hodler AND I flip alts for extra profit. Couldn't care less. BTC is top dog and will be for some time, but that's not gonna stop me from profiting on alts.

you haven't seen the real bitcoin price rise yet. this is nothing compared to what will come in the future, this is mostly because of the "news about Japan" and the fact that they have finally legalized bitcoin as a legal payment method.

just wait until a couple of these "bitcoin is accepted here" signs go up in Japan by the merchants (and remember that Japan has 24 million tourists each year and is ranked 4th among countries like that). that is when the real adoption starts kicking in and the price goes to the real moon.

i put some thoughts here: https://bitcointalksearch.org/topic/food-for-thought-japan-bitcoin-tourism-olympics-1906607 lets see how long does it take for them to come true.

Most of the alt coins are created for a reason of gaining monetary benefits in a small space of time and to accomplish that DEv and the traders play a pump dump games and earn good making the ordinary person loss.
Bitcoin is not such a coin and its a real future. If you are excepting it to fall back after reaching 2400$, you are totally wrong. Once reach 2400$, it will move more fastly towards 3000$.

If that is what you think then the regulators should arrest all the billionaires who are involved in trading the stock markets and forex markets around the world. No market is free of fraud and manipulation.

Pretty much this. Bitcoin elitists seem to think that their technology is the be all and end all. They speak of investing in the blockchain technology, yet they shun others for investing in further improvements of the technology that are only presenting themselves in altcoins right now.

Bitcoin elitists will make money, but their closed-mindedness, and arrogance, has cost them many more gains. Money is pumping and dumping into and out of altcoins relative to Bitcoin, much like Bitcoin did to fiat in its early days (and to a less extent, now). Wave #2 of early adopters, at least from our own point of view, will not be of Bitcoin, but of some other successful cryptocurrencies. With that said, altcoins are in a bubble, but these bubbles will only continue to grow in the long term, in exactly the same way Bitcoin has.

Not enough people are taking Japan into account. The laws regarding crypto only recently passed there and there are some very legitimate options coming in terms of exchanges.

I'm not completely sure which coins are or are not fully approved, but it seems that they've gone a bit batty for Ripple at least. Japan could ruin any plans for crashes for quite a while.

There is not much of demand on altcoin, these demands are just fake trades luring unsuspecting investor to think that the altcoin is stable and will rise in price and buy this altcoin.  So I agree that bitcoin will not crash hard, there maybe some correction but it is normal when bitcoin is rising too fast.

New investors are entering into crypto world with the plan of diversifying their capital across bitcoins and altcoins. There are enough awareness with these people not to go all with one single instruments and I feel this would be the reasons altcoins are standing strong when bitcoin is trading near $2000 levels.

There will not be any problem when new people come and buy some altcoins. As long as new money flow happens, I guess they will keep their capitalization competitive.

look,  alts and BTC have risen dramatically in the past few months...any or all could crash
but,  do you really think blockchain tech is not going to be massively adopted?  Think about that in a longer term view

I believe it is prudent to diversify your crypto investments -  and trim some holdings for fiat as the prices go up.  This way,  you have dry powder for the inevitable dips.   But,  importantly,  don't forget to buy the dips and crashes!

Don't be surprise for that since its normally happen and knowledgable traders expected to buy those dumped altcoins who have potential since they can provably earn more for just staking those coins who have great futures ahead. And dumping of alts is truly expected if bitcoins price will soar up since many of us surely drops our alts and trade it with bitcoins since we can earn more than doing that unlike if we stake on temporarily falling coin.

This happens often with the users. If they have held the coin in the wallet they might have profited big than what they made through trading. Based on the price increase and decrease people decide upon the trading strategies. With the high volatility nature the value loss happens, but this time the price looks quite good even with the altcoins. So crash won't be happening anymore.

I always think this is the manipulation of the market and I am quite sure that such actions can be regarded as fraud in the crypto currency market. Because you will agree that in themselves the prices for altcoin or Bitcoin can not jump so much.

That is true. What we must find out is how long these valuations and high market capitalizations on altcoins can be maintained. This is a bubble and a time will come that everything must contract. People will lose Bitcoin value by trading altcoins. That always happens after a bull market.

but not all people know bitcoin from the very beginning, some of them know bitcoin in this year and they think that they are very late to know bitcoin.

i think bitcoin can crash and i think the crash is only in the price as we know because we've seen the price is up and down too often. and if there are many people still using bitcoin, i think bitcoin will not crash like altcoin.

The alts don't seem to be crashing anytime soon. Look at their valuations - they just keep rising.
Bitcoin dominance has crashed below 50% and it looks like it will stay there for some time.

If you asked me 3 - 6 months ago I would say $2400 per Bitcoin would be impossible. I am a person who is stubborn and who is hard to convince. I want to see it happen with my two own eyes and now I think it is happening. Sometimes I wish I blindly bought more instead of waiting for corrections.

It is hugely demand in the market and people know about bitcoins from the very beginning.Many people are using bitcoins has stock market and saving it as they want to become rich in the coming years.

Bitcoin really might rise up to $2400 in the next coming weeks or months if the upward trend continues but it is hard to imagine right now that bitcoin will crash back to sub 1k unless there is a major event that will trigger it to happen. Altcoins really will crash but there are few altcoins that have genuine price as other says and has a lot of potential to increase too so If I were you I won't say all altcoin pumps now are just ponzi schemes but some pumps in some certain altcoins really do look like it is manipulated.

Altcoins are all hyped. Don't say bitcoin might crash. Bitcoin/cryptocurrency on the other hand is increasing in value. The more people know or used it, the more bitcoin will value. Right now, cryptoworld known in manny countries. So might as well the people may used it for there living. And it help them a lot

Who are you talking to bro? most of the people here are either hackers/ scammers/ idiots/ opportunists and very few honest and thoughtful people are here, of course no one will care as long as they can earn their profit, ICOs and ROI, money is the king here, you really expect them to avoid those pumps? it's like throwing meat in front of a cat and expecting her not to eat it.
I'd suggest you not to buy any coins now and wait for the next "bad news" as always which will lower the price.

Altcoin are all hyped, without any demands on them.  They were pumped hard so as expected once the target price is achieved, a dump will follow that will crash the price to oblivion. Bitcoin on the other hand is increasing in value due to the recent event and adoption.

Fundamentally altcoins are not having any supportive news to get pumped. In recent times ripple/steller are heavily pumped for no reasons and I am just watching them to take a blood bath in more quicker time. Pumping without backing reason always ending up in steep fall down.

At the same times, bitcoin found few corrections, regardless of that investors kept their faith so it started its another wave of rally today. This wave may sustain until price reaches $2100 too.

Everything crashes eventually, however many here are suffering from the usual scale blindness that seems to blight this place.

Poloniex is probably the world's biggest exchange in terms of volume, not that it really means anything as hardly any of it leaves the exchange, but regardless of that it's currently buckling under the weight of over 40,000 users online right now.

Lets see that figure again - 40,000.

That's the population of modest market town in Belgium or half a football stadium. It could easily add 1-200,000 more without the rest of the world taking any notice. All these bubbles could go up another 10-20x yet. Dumpers might be eaten alive by a wave of newcomers.

None of you guys actually care or pay any attention to the hash power behind every coin, 99% of altcoins were mined by a dozen of people some even were mined by less than 10 people and suddenly they go from $0.0001 to $0.5 and that's when all the greedy traders enter to push it further up to $1-2-3-4-5 and it will continue and if I was a bag holder I would've dumped very slowly but steadily, I'm just sad about it because I know most of the people will burn as the wall buy grows thick the bag holder sees the opportunity and dumps millions of coins and easily earns millions of dollars.
And people just stare at their shitcoins sitting on their wallets worth nothing.
At least before investing on an altcoin check out the backbone and the strength of said coin.

About me first wishing for a crash I then said that facts are undeniable and as much as I'd like to see it falling back to sub 1K I can see at the same time that it's not going to and some how I was hoping to see if you can tell me whether it will drop so I can get some at current price because I know it will eventually increase.

Altcoins have the increased volatility than bitcoin, which is the reason for major dumping of value once after reaching great value growth in a very short time period. In a days time altcoins potentially grow more than 200% and by the next day it might fall mare than 100% in value. Some lack in finding and some lack of development. On the whole as an user stated bitcoin has got a demand which soon can never be achieved by any of the altcoins.

the thing you need to know is the fact that bitcoin has the demand necessary for its rise and this demand is not only not going anywhere but also it is increasing day by day.
but for altcoins the demand is temporary and it is only coming from traders wanting some big profit.

also the difference between a correction and a crash is a lot, but most people see any drop as a crash!

What would be that potential reason of hypothetical bitcoin crash you talk about? Sub $1000 level is so far away, way beyond simple price correction.
This high price of Bitcoin is not an effect of growing mining infrastructure, but it is caused by progress of adoption, more users and due to increase of acceptability of bitcoin in mainstream finance.

But never say never Bitcoin might crash for example if miners will ever try to upgrade network via hostile BU fork.

I also used to think like you OP, but my mindset changed after things started getting better for alts once Bitcoins reached these high values because the fee and bigger transactions have gone messy once we saw that block scaling debate due to higher number of unconfirmed transactions. Bitcoin really has potential for going much higher than this in value, but that should not mean that we ignore alts because there are still many genuine altcoins which are in the markets to be used against bitcoins for less fee purposes and quicker confirmation times.

Altcoins are the paradise of gamblers, so it's obvious there's a lot of new money getting in in hopes of finding "the new bitcoin" that will go x1000 on their initial investment. They are complete idiots and are wasting their money since most altcoins will dump and stagnate into oblivion.

Some people will get rich by buying the right amount of some altcoin at the right time, but most will lose their BTC.

BTC is the only coin that has store-of-value characteristics. Everyone is after your BTC, so don't waste them on shitcoins.

Find some good investments. LTC is one of them as long as BTC has no segwit.

It always surprises me how people have ridiculous thoughts and desires. Some here want for Bitcoin price to crash under 1000$ so they can buy it but and immediately after that they want the price to rise over 2500$ so that they could become rich over night. Bitcoin market is not functioning like this and not listening to someone's desires. Get serious.

Bitcoin can't go below 1k any time soon if we don't get any bad news like any trading platform getting hacked or Hard fork. Almost all other alts with very low trading volume are just pump and dump coins.  

i don't get what you mean by this part!
if it is not going to crash then why are you waiting
and what do miners have to do with anything! it is the free market deciding the price and miners have always been a part of this growing market.

After they had their successful pump in a few altcoins one by one their time of dumping is coming and going and idiots will once again buy them in hopes of getting rich.

Now it is Bytecoin turn, go and buy as much as you want and let them dump billions on some poor bastard just like all the ponzi schemes, scammers found a new way which is what we are witnessing in past 2 month in crypto.

Even I was able to mine Bytecoin on a crappy laptop, now imagine some body with 50 GPU-CPU in a basement was able to mine God knows how many.

People wont even look at altcoins infrastructure they just deposit BTC on an exchange and start buying knowing they are participating in a ponzi or just don't know what that is and will enter regardless.

I'm waiting for Bitcoin to crash back to sub 1k but facts are undeniable, more miners are joining the race and I'm speculating another surprise as a price increase who knows maybe to $2400?