What could cause price of bitcoin to crash??

Raja_MBZ

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Quote from: Danslip on June 13, 2017, 09:10:53 AM

Can this crash be next ladder for big uptrend? Guys, what is your opinion in this matter?

IMO, its not a crash, its just the correction of current up-trend going for weeks.

Bitcoin's value now should stay stable for a while, within a range of $2250 to $2750.

Danslip

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Can this crash be next ladder for big uptrend? Guys, what is your opinion in this matter?

streazight

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Quote from: GreenBits on June 06, 2017, 11:14:13 PM

Quote from: Velkro on June 05, 2017, 10:17:36 AM

So in past bubbles it was:
1. collapse of biggest exchange Mt GoX.
2. "Bans of bitcoin in China"
3. ...

What could happen now to cause price crash? I mean, exchanges are so mature now and there are a lot of them, that failure of one exchange wouldn't cause big price drop.
What do you think can cause price of bitcoin to crash?

A serious price correction after the Japan craze dies down as a result of profit taking. This is indeed a bubble, if the price goes really South, like China, Japan may issue financial guidance to its citizens, or enact regulations. That will solidify the bear market for a while, we would see a serious regression, then new highs.

But I don’t understand the point that how is it a bubble ? According to me I think it is the real strength that has been created by the demand from the people for the adoption of the Bitcoin.
I guess the regression can only be a doubt because the price still is persistently increasing and tends to increase in future.

wuvdoll

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At first, fear which comes in mind is of course the hard fork and consequent split of chain. But there are other factors too, though can happen very rare. If all countries come together and ban all cryptocoins, then it will no more have any value. Differ with others about the price falling in case of war. My opinion is, it will increase during war as bitcoin will be easier to save than flat money in case of chaos.

YuginKadoya

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Quote from: GreenBits on June 06, 2017, 11:14:13 PM

Quote from: Velkro on June 05, 2017, 10:17:36 AM

So in past bubbles it was:
1. collapse of biggest exchange Mt GoX.
2. "Bans of bitcoin in China"
3. ...

What could happen now to cause price crash? I mean, exchanges are so mature now and there are a lot of them, that failure of one exchange wouldn't cause big price drop.
What do you think can cause price of bitcoin to crash?

A serious price correction after the Japan craze dies down as a result of profit taking. This is indeed a bubble, if the price goes really South, like China, Japan may issue financial guidance to its citizens, or enact regulations. That will solidify the bear market for a while, we would see a serious regression, then new highs.

But I am seeing great promise towards japan even if it end up getting the same faith as china, I have a great faith towards that country, because of the innovative things invented, and progress by that country, but yes we can really not see the future that awaits but I really doubt it can happen to japan anytime soon, and because right now we are seeing great movement towards bitcoin there are a lot market support right now, but regarding the price drop I may have think of the dumping of random fellow, of a big group selling their bitcoin will be the most significant cause of a sudden drop.

PokerFace3

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Quote from: pinkflower on June 07, 2017, 02:51:20 AM

Quote from: bamboylee on June 05, 2017, 02:01:49 PM

BIP 148 if it fails and lead to chain split. This probably split the price of bitcoin too. I am not an expert but this is my speculation if ever there will be a split in chain. Hopefully everything goes well and there will be a solution for scaling without having the effects like chain split.

Im positive it will be this. Nothing like the old chain split to immensely make the price bubble pop. Wink

I think BTC will recover but its risking itself from holding on to being no.1. Ironically another split chain, ETH, might be the one replacing it at the pinnacle of crypto.

Yes, as we can see with the increase in the price of the bitcoin the movement of the Bitcoin became too slow as everyone is trying to hold it and earn a huge profit from it as much as they can, but it is a serious threat to the bitcoin to stay on top regarding the number one currency favourite for payments or money sending transactions.

Denker

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Quote from: KennyR on June 10, 2017, 06:35:09 AM

In the near future there is no solid reason is found for a crash of the bitcoin network. Everytime the crashing in price happens in a short in an unexpected time period. Likewise from the starting it has crossed several such crashes. So the users doesn't need to be panic, because it will never let the users down. It'll be coming back to the growth rally soon.

I'd guess a chain split could cause a dramatic price drop. And if these two chains should continue existing side by side, Bitcoin's main feature, working as a store of value, will be mostly destroyed. So this is something which could harm Bitcoin on long term.
However imo a forced split by miners in august is very likely. Mostly empty words. This all is kind of a power grab and who has more control over the further development long term. Miners need to know where their limits are!!

KennyR

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In the near future there is no solid reason is found for a crash of the bitcoin network. Everytime the crashing in price happens in a short in an unexpected time period. Likewise from the starting it has crossed several such crashes. So the users doesn't need to be panic, because it will never let the users down. It'll be coming back to the growth rally soon.

el kaka22

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Quote from: carlerha on June 09, 2017, 10:08:22 AM

Quote from: izanagi narukami on June 06, 2017, 11:44:43 AM

If there's no demand for bitcoin or internet is being shut down because of major disaster may affect on bitcoin value exponentially if the accident happen for long period of time.
But still bitcoin is unique currency/investation, there will be unique way to crash but not for now Grin

yes that is right and i do not that there can be such a big disaster which can bring internet down. and such situation every happen then it will not only effect internet but will certainly bring so much other big changes in the surface of the word. in such condition even USD will become useless, but it is a fact that bitcoin is unique and hopefully that it will survive in any condition.

Yeah because the internet is the main communication medium for most of the institutions, individuals and forums. The use of the internet is too much now a days that one cannot consider to live a proper life without the use of the internet. Almost all the banks are linked and their systems works on the internet. You cannot deposit or withdraw money in a bank account until it is connected with the internet. This will really be great damage for the people living on the earth.

jc89

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1. The coming of the Judgement Day, the Apocalypse?

2. If the issues within bitcoin was not resolved, the continuous increase in transaction fees, the long waiting time for transaction confirmation. If these continues, Bitcoin will be the one who will destroy itself. Some might get sick of bitcoin and just get out of the board. So the demand will decrease and the price will crash.

Ewinsane

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Quote from: ABCbits on June 05, 2017, 02:10:52 PM

Some accident that could cause price of bitcoin to crash :
1. Block split, but both chains/coins have big support from community (about 50/50).
2. Big bitcoin exchange/services hacked and the coins are stolen.
3. A country with many bitcoin holder/investor suddenly ban bitcoin.

Yeah I agree that people will go for the stable assets to save their money but before I guess people will try their level best to buy tangible assets because I am not sure in a war situation we can think of the internet will work properly. I think in a world war situation people will run for their lives to be saved and will prefer the hard solid assets which they could carry with them of where they can bury it at a safe place.

carlerha

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Quote from: izanagi narukami on June 06, 2017, 11:44:43 AM

If there's no demand for bitcoin or internet is being shut down because of major disaster may affect on bitcoin value exponentially if the accident happen for long period of time.
But still bitcoin is unique currency/investation, there will be unique way to crash but not for now Grin

yes that is right and i do not that there can be such a big disaster which can bring internet down. and such situation every happen then it will not only effect internet but will certainly bring so much other big changes in the surface of the word. in such condition even USD will become useless, but it is a fact that bitcoin is unique and hopefully that it will survive in any condition.

wuvdoll

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Quote from: Velkro on June 05, 2017, 10:17:36 AM

So in past bubbles it was:
1. collapse of biggest exchange Mt GoX.
2. "Bans of bitcoin in China"
3. ...

What could happen now to cause price crash? I mean, exchanges are so mature now and there are a lot of them, that failure of one exchange wouldn't cause big price drop.
What do you think can cause price of bitcoin to crash?

Yeah the exchange issues are almost resolved and a single exchange cannot be that much effective on the price of the bitcoin to crash, also I don’t think that the ban in china can cause a huge effect to the price of the bitcoin to crash. Thought China is a strong emerging economy but still the Bitcoin is being used in many other countries of the world as well.
I think an international Ban from the developed countries if pass a resolution against the use of the Bitcoin will crash it; otherwise nothing like such is going to happen.

pinkflower

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Quote from: bamboylee on June 05, 2017, 02:01:49 PM

BIP 148 if it fails and lead to chain split. This probably split the price of bitcoin too. I am not an expert but this is my speculation if ever there will be a split in chain. Hopefully everything goes well and there will be a solution for scaling without having the effects like chain split.

Im positive it will be this. Nothing like the old chain split to immensely make the price bubble pop. Wink

I think BTC will recover but its risking itself from holding on to being no.1. Ironically another split chain, ETH, might be the one replacing it at the pinnacle of crypto.

audaciousbeing

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There are several reasons that could make the price of bitcoin crashes and among such reasons will include in my opinion,

1. If someone so knowledgeable identifies a bug in bitcoin and all the things we have come to believe about bitcoin was proven beyond reasonable doubt to be a myth of a false believe then I see the price coming crashing.

2. Another reason is if a all the banks decide not to aid bitcoin, then it makes it worthless since it will no longer be able to convert to fiat and vice versa. New entrants will find it difficult to lay their hands on one while those owning cannot convert to fiat considering the fact that a not all major stores accept bitcoin.

ladydark

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Quote from: Velkro on June 05, 2017, 10:17:36 AM

So in past bubbles it was:
1. collapse of biggest exchange Mt GoX.
2. "Bans of bitcoin in China"
3. ...

What could happen now to cause price crash? I mean, exchanges are so mature now and there are a lot of them, that failure of one exchange wouldn't cause big price drop.
What do you think can cause price of bitcoin to crash?

If a collapse occurs for a big exchange like poloniex as it occured early in Mt.Gox,then definitely bitcoin price would crash.But we could hope that such incidents would not happen another time.

GreenBits

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Quote from: Velkro on June 05, 2017, 10:17:36 AM

So in past bubbles it was:
1. collapse of biggest exchange Mt GoX.
2. "Bans of bitcoin in China"
3. ...

What could happen now to cause price crash? I mean, exchanges are so mature now and there are a lot of them, that failure of one exchange wouldn't cause big price drop.
What do you think can cause price of bitcoin to crash?

A serious price correction after the Japan craze dies down as a result of profit taking. This is indeed a bubble, if the price goes really South, like China, Japan may issue financial guidance to its citizens, or enact regulations. That will solidify the bear market for a while, we would see a serious regression, then new highs.

DayVid_GI_DEV

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Quote from: roastedparsnip on June 06, 2017, 10:04:32 AM

I don't worry about N.Korea or other WW3 scenarios because if things really get that bad then our BTC holdings will be the least of our worries.

I would be more worried about Govts. (especially bankrupt Western govts.) running scare-stories about BTC. Linking BTC to drugs etc. hasn't done too much damage so far but I think linking it to terrorism could have more of an impact.

Most people are very poorly-informed and wouldn't have the capacity to realise that ISIS are already using all types of fiat without people boycotting those currencies.

But the petro-dollar scam will fall apart one day in the near future and at that point I would hope that will push more people into BTC to save what little purchasing power they still have.

Yes, mainstream media has a nack for scare tactics and making most people believe something is bad or "evil". One of the ways we are controlled by government is through monetary policies. Bitcoin would eliminate that and the media could easily make it seem like something to be feared.However, you can't just shut down the internet.
The tides are changing rapidly as more people are becoming hip to the scene and I think we'll see some government action in the not so distant future.

coolcoinz

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Quote from: izanagi narukami on June 06, 2017, 11:44:43 AM

If there's no demand for bitcoin or internet is being shut down because of major disaster may affect on bitcoin value exponentially if the accident happen for long period of time.
But still bitcoin is unique currency/investation, there will be unique way to crash but not for now Grin

You don't realize how the Internet works. It can't be shut down globally, even with an event like an EMP from the sun. Only some part of the planet can be exposed to events from space, like a meteorite storm or EMP, so it's possible to disconnect a country, even a continent, but impossible to disconnect the whole planet.
Maybe a comet hit could do it, but that would probably disrupt Earth's orbit and kill us all.

izanagi narukami

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If there's no demand for bitcoin or internet is being shut down because of major disaster may affect on bitcoin value exponentially if the accident happen for long period of time.
But still bitcoin is unique currency/investation, there will be unique way to crash but not for now Grin

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