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Topic: What could cause price of bitcoin to crash?? - page 2. (Read 2197 times)

hero member
Activity: 630
Merit: 500
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?

In that times only the traders were there having their money in bitcoin but now the merchants are here and they are having their permanent businesses in bitcoin so now the price of bitcoin will not crash down and if anything will happen then it will drop a little for a while and will then recover.
i am sure that merchants will also invest their money in bitcoin, but i am sure that it will take a lot of time. because still we are expecting a lot of increase in the price of bitcoin. because the demand of bitcoin is increasing from time to time. which is also causing the price to increase more and more.
legendary
Activity: 1092
Merit: 1000
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?

LOL. I do not think that the ban of Bitcoin in China caused a lot troubles to us. As what I witnessed, the hard fork rumor aka bitcoin unlimited made the prices worst than ever. Well, do not follow the news because you can not know whether it is fake or not. Believe in yourself and make a right decision
Until and unless you know the news is 100% true don't take any wrong decision because it is a big loss for you. There are many people spread the many fake news in the market doesn't care for that. Just put one eye on bitcoin and do your work if it crash means it will never fall to hell in a single day right you will get a chance to take some action in that movement. So let's wait for some time will see what happen.   
hero member
Activity: 575
Merit: 500
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?

In that times only the traders were there having their money in bitcoin but now the merchants are here and they are having their permanent businesses in bitcoin so now the price of bitcoin will not crash down and if anything will happen then it will drop a little for a while and will then recover.
full member
Activity: 213
Merit: 100
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.
full member
Activity: 238
Merit: 100
Almost impossible to crash a lot in price in the market but i guess when that happened it will now be dump so much in the market because it is really still the best in the market and number one cryptocurrency in the market so probably aroung 1000$ in the price drop so not so bad if it drop.
legendary
Activity: 2912
Merit: 6403
Blackjack.fun
Well, usually things fail because of their owners or producers.

Just like cars crash because of low maintenance and monkeys behind the wheel or phones explode because a moron in development didn't test the battery properly or used "chinese" components bitcoin main danger is the team behind it.

I doubt an outside event might trigger a huge crash.
Usually its the sheep that panic because of China or because the devs are fighting.

I have no emotion over Aug 1 but I could really enjoy not knowing about the war behind the scene.

sr. member
Activity: 448
Merit: 251
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?

LOL. I do not think that the ban of Bitcoin in China caused a lot troubles to us. As what I witnessed, the hard fork rumor aka bitcoin unlimited made the prices worst than ever. Well, do not follow the news because you can not know whether it is fake or not. Believe in yourself and make a right decision
sr. member
Activity: 252
Merit: 250
There are some funny suggestion but the real possibility is still a big exchange hack and you could see the price crashing and not only bitcoin will get affected by it but the entire alt coin will get hit bad if that is the case.The Chinese do not have any affect on bitcoin for quite some time so that is out of the question.
full member
Activity: 266
Merit: 103
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 failure of an exchange would have a significant negative impact because it would harm everyone's trust in all of the other exchanges. Many people would think that they have profited a lot off of bitcoin, but they are now realizing that holding it is kind of risky. Unlike money in a bank, bitcoin is not insured by the FDIC so if you lose money, it's lost. Fear would cause people to sell... especially since right now, the vast majority of bitcoin investors have profited.

Any negative news could cause a crash in the right circumstances. As bitcoin rises faster, the severity of negative news required to cause a crash lowers. If bitcoin spikes too high then any small amount of bad news can trigger a snowball selling effect.
hero member
Activity: 1722
Merit: 528
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?


I think the panic, I can remember the Bitcoin Unlimited where many bitcoin users start to sell and started using another altcoin. They thought that bitcoin will die but after that, the price regain and goes back to normal. Now the topic is not Bitcoin Unlimited, but the network splitting stuff. It might not be that scary, but many users are having second thoughts about investing in bitcoin because of these.
sr. member
Activity: 756
Merit: 253
Global abandonment of Bitcoin can cause it to due off one time. By far that's all I can see could spell doom for Bitcoin but it is also equally going to be difficult for the entire world to abandon the usage of Bitcoin.
legendary
Activity: 2814
Merit: 1192
World war 3. When north korea nukes america and start a war. Kim jung un is the key to dump bitcoin badly.
I think opposite, war would be great thing for bitcoin because Bitcoin is store of value like gold, in times of war its perfect solution to store wealth in bitcoin and travel to country without war.
I agree. A war would create a bank run in most countries and people would look for a safer way to store money, far from the local economies. That's why people don't buy stuff when a conflict is imminent. Nobody thinks of buying land or a new car, but about stacking up supplies and keeping money close.

If somebody hacked a number of exchanges in a short period of time i'm sure the market would crash.
legendary
Activity: 2436
Merit: 1008
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?


Since exchanges are mature now like you mentioned and there's a lot of them now which already established a good reputation, then it needs at least multiple big exchanges failure at the same time which is currently not possible but chances are there. Another low chance thing to happen that can crash the bitcoin price is majority of the whales dump their coins including those big names with big possession of this currency. And another thing is there is only 1% of the whole population that uses bitcoin.

All possible causes that I mentioned is really low chance to happened. It means that bitcoin will never be crashed again in term of it's USD value.
legendary
Activity: 2590
Merit: 3015
Welt Am Draht
Chain split is the obvious one and it's much, much more fundamental than any previous reason for a crash. All of those were third party problems. A chain split cuts to the heart of the whole thing.
legendary
Activity: 2296
Merit: 1014
World war 3. When north korea nukes america and start a war. Kim jung un is the key to dump bitcoin badly.
I think opposite, war would be great thing for bitcoin because Bitcoin is store of value like gold, in times of war its perfect solution to store wealth in bitcoin and travel to country without war.
hero member
Activity: 761
Merit: 606
If all the early adopters, which many are whales, decide to dump coins all at once the price would drop quickly.  e.g. aggregates of coins attempted to be sold every day for a few weeks on end, all sold in 100,000 coin lots minimum.  Whether or not the drop would be temporary is the subject of another thread.
hero member
Activity: 770
Merit: 629
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?

Running out of greater fools.  There's still a lot of them around, so no crash imminent.
newbie
Activity: 41
Merit: 0
World war 3. When north korea nukes america and start a war. Kim jung un is the key to dump bitcoin badly.
Sounds pretty extreme and would probably cause everything to crash.(except weapon industry). Are the odds of this actually happening very likely?
hero member
Activity: 1078
Merit: 514
World war 3. When north korea nukes america and start a war. Kim jung un is the key to dump bitcoin badly.

That reason of course may be the third in the list. This war may involve many countries around, like China and Japan who is on the top of places where bitcoin really spreaded and feel free to use.
legendary
Activity: 2870
Merit: 7490
Crypto Swap Exchange
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.

World war 3. When north korea nukes america and start a war. Kim jung un is the key to dump bitcoin badly.

I think people will see bitcoin, gold or other stable asset/investment as great way to save their money and bitcoin price could rise (unless internet is down).
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