We should not be far from the bottom. And whatever number this bottom will be, that will mean that Bitcoin will never ever go under that number again. We got got like $3200 so far. If no new bottom happen again we will not be sure for like a year. Only once bull market will start we should be sure that bottom was reach.
But as I said before 2015 bottom was $170. So right now have to be way higher then that. $1 are long time gone dreams. Even 2012 bottoms were above $1.
Topic: What if bitcoin crashes to $1 overnight? (Read 944 times)
yes, it will be fine as long as it hasn't happened. it's very difficult to think about that happening. however, I think that will cause tremendous panic, and if this happens, it will really be the end of cryptocurrency.
If there was a failure in the protocol then sure yea and this expectation for years kept a cap on the price I'm fairly sure. However right now it'd be a surprise to the downside.
However consider this, the dollar itself could crash in value if not overnight then in a short period of time lose a large amount of value. The reason this is possible is the same reason the last holder of world currency, UK also lost alot of its value and thats because of debt. failure to balance its economy. If US defaulted or was seen to be incapable, insolvent somehow unlikely to repay then you can get this crash to zero in the actual currency. The old to new Rouble exchange rate is 10,000 to 1
If dollar crashes then Bitcoin becomes worth a million of them, imagine that and it seems impossible. Which even has the most surprise, that is the one that is ironically markets are least prepared for and some consider the most possible tradable event. This too would explain for at least some of the interest in BTC over long term
However consider this, the dollar itself could crash in value if not overnight then in a short period of time lose a large amount of value. The reason this is possible is the same reason the last holder of world currency, UK also lost alot of its value and thats because of debt. failure to balance its economy. If US defaulted or was seen to be incapable, insolvent somehow unlikely to repay then you can get this crash to zero in the actual currency. The old to new Rouble exchange rate is 10,000 to 1
If dollar crashes then Bitcoin becomes worth a million of them, imagine that and it seems impossible. Which even has the most surprise, that is the one that is ironically markets are least prepared for and some consider the most possible tradable event. This too would explain for at least some of the interest in BTC over long term
I think its ridiculous if that happen in one night it means no one wants bitcoin to buy or they dont want bitcoin anymore. But I think it will never be happen because people are still hold on to bitcoin and believe that it move up again.
It will not happen, the death of bitcoin will not happen in 1 night, but it happens with a long process, and users of Bitcoin reach tens of millions of users, prices will definitely stop at certain positions and may not go back down continuesly, because it is impossible for all users to sell all their coins in 1 time
That is not really happen for this next few years. Because it will increase the value again for sure. $1 is near to die and I hope it will not happen. We want to see price up not like. We want to 10,000 dollars up not $1 value for the bitcoin.
If the price crash that fast then it's time to buy a lot, when people see the bitcoin price crash without any reason then it will bounce back quickly, but it's impossible to happen with Bitcoin,it's possible that altcoin crash that fast, if the one that crash is alt coin then people will assume it will be a dead coin,but if the one that crash is Bitcoin then it's time to buy more
that is a very unlikely thing to happen, the price of bitcoin won't drop to $ 1 overnight. if that really happened, I would buy as much bitcoin as possible for a long-term investment.
This is impossible to happen since everyone is not interconnected, like who will going to suffer for that dump and someone will buy too. And for overnight is too impossible because nothing is going to stay for that long. Just think how the supply and demand works.
This is right, it is impossible to happen since many of us users do hopes for the bull run to start. Even btc dump to the lowest price users will take the opportunity to accumulate more. So I do not think it will crash to that price. 
I think its ridiculous if that happen in one night it means no one wants bitcoin to buy or they dont want bitcoin anymore. But I think it will never be happen because people are still hold on to bitcoin and believe that it move up again.
contrary to years ago, nowadays bitcoin has mining that involves great players, has handbags that move many dollars every day, has a great community and has a big marketcap compared years ago, summarizing today people want profits and dream very high, they dream in one day to see bitcoin as a means of payment worldwide, so we will not see the price fall to something like $ 1, this market has huge potential and big investors will realize this, our biggest problem is governments and the banks
This is impossible to happen since everyone is not interconnected, like who will going to suffer for that dump and someone will buy too. And for overnight is too impossible because nothing is going to stay for that long. Just think how the supply and demand works.
it can be easily.
there are accounts which have more than 100.000btc. if thy sell 10000 btc; btc can be 1 dollar. it is supply and demand
there are accounts which have more than 100.000btc. if thy sell 10000 btc; btc can be 1 dollar. it is supply and demand
and buyers would step up to meet that. order books on exchanges don't tell any more than a small percentage of how much money is ready to pounce. the price would certainly take a dent. it wouldn't go anywhere near that low.
.....except in the case of a margin cascade and flash crash. It shouldn't happen on a non-margin exchange, but we've seen some pretty impressive cascades on GDAX, Bitfinex, BTC-e, and others.
Does anyone remember the ETH flash crash on GDAX last year? It went from $319 to 10 cents after a market sell forced cascading margin liquidations. Too bad I missed that one! One of my luckiest buys ever was during a flash crash from the $700s to $102 on BTC-e several years ago.
The price obviously rebounds because it's due to low liquidity, not lack of demand. So I wouldn't rule out $1 but it won't last for more than a few seconds.
it can be easily.
there are accounts which have more than 100.000btc. if thy sell 10000 btc; btc can be 1 dollar. it is supply and demand
there are accounts which have more than 100.000btc. if thy sell 10000 btc; btc can be 1 dollar. it is supply and demand
and buyers would step up to meet that. order books on exchanges don't tell any more than a small percentage of how much money is ready to pounce. the price would certainly take a dent. it wouldn't go anywhere near that low.
It is demand and supply so overnight it cannot reach to that price unless every government in the world declares it illegal and everyone sell it than only it will reach to 1$. Infant reaching higher value is much possible as their are huge benefits and potential which can help country to grow .
Actually the assumption is impossible. No asset class in history I believe has crashed to a $1 “Overnight” . Even if it were to crash to a low price it would take many months, maybe years. When a company’s stocks tumble because of liquidation it takes months, years too until it’s delisted.
If on other less regulated market places it did, short sellers could easily arbitrage and for $5 in insurance would buy 5 Bitcoin and run the token into zero value.
your views?
And why do you ask a question about something that you claim that is impossible to happen? In fact the title of the thread is somewhat misleading, I thought that you were to give reasons why you thought that kind of crash was possible and yet you argued the opposite. If on other less regulated market places it did, short sellers could easily arbitrage and for $5 in insurance would buy 5 Bitcoin and run the token into zero value.
your views?
it can be easily.
there are accounts which have more than 100.000btc. if thy sell 10000 btc; btc can be 1 dollar. it is supply and demand
there are accounts which have more than 100.000btc. if thy sell 10000 btc; btc can be 1 dollar. it is supply and demand
and buyers would step up to meet that. order books on exchanges don't tell any more than a small percentage of how much money is ready to pounce. the price would certainly take a dent. it wouldn't go anywhere near that low.
1$ for btc is impossible nowadays. Too manny people now about bitcoin. There is currently 17 mil btc. Around 30% are aready lost (wrong transfer kays, lost keys, lost wallets). So we have 12 mil bitcoins.
If price will drop to 1$ they will all be worth 12 mil $. It means that if you would like to stop price at 1$ you will need only 12 mil $ no metter what (all coins migh be dumped on you... in worst case you will buy them all).
Will all coins be dumped? Im sure they wont. At liest i wont dump mine. I would rather leave my bitcoins bought mostly at 6k$ on wallet and forget about them rather than dumping them and withdrawing 2$?
So we getting to the point that when price of btc will be around 1$ even small investor will be able to stop price. And im talking about small trader with 10 mil porfolio (there are dozens of them)
Why would someone buy all bitcoins at 1$? Its unregulated market. He might trade with himself pushing price to 1000$ with only fee cost and then dump coins on fomo guys hoping for new ATH
Im 100% sure that trader with 10 mil portfolio will do that. But there are traders with 100 mill portfiolio, 1 bil portfio. They could do that beafore at 100-1000$ range.
The only reason why bitcoin may be dumped that hard is by destroing it. Bitcoin hashrate dropped by 40% last 2 months. https://www.blockchain.com/charts/hash-rate
It means that it is twice easier to do 51% atack. https://www.blockchain.com/pools As you can see we already have companies holding 20% of hashrate. If we will lost another 50% and this company will still be running all their hardware they will have close 40% networ power.
If price will drop to 1$ they will all be worth 12 mil $. It means that if you would like to stop price at 1$ you will need only 12 mil $ no metter what (all coins migh be dumped on you... in worst case you will buy them all).
Will all coins be dumped? Im sure they wont. At liest i wont dump mine. I would rather leave my bitcoins bought mostly at 6k$ on wallet and forget about them rather than dumping them and withdrawing 2$?
So we getting to the point that when price of btc will be around 1$ even small investor will be able to stop price. And im talking about small trader with 10 mil porfolio (there are dozens of them)
Why would someone buy all bitcoins at 1$? Its unregulated market. He might trade with himself pushing price to 1000$ with only fee cost and then dump coins on fomo guys hoping for new ATH
Im 100% sure that trader with 10 mil portfolio will do that. But there are traders with 100 mill portfiolio, 1 bil portfio. They could do that beafore at 100-1000$ range.
The only reason why bitcoin may be dumped that hard is by destroing it. Bitcoin hashrate dropped by 40% last 2 months. https://www.blockchain.com/charts/hash-rate
It means that it is twice easier to do 51% atack. https://www.blockchain.com/pools As you can see we already have companies holding 20% of hashrate. If we will lost another 50% and this company will still be running all their hardware they will have close 40% networ power.
it can be easily.
there are accounts which have more than 100.000btc. if thy sell 10000 btc; btc can be 1 dollar. it is supply and demand
Actually the assumption is impossible. No asset class in history I believe has crashed to a $1 “Overnight” . Even if it were to crash to a low price it would take many months, maybe years. When a company’s stocks tumble because of liquidation it takes months, years too until it’s delisted.
If on other less regulated market places it did, short sellers could easily arbitrage and for $5 in insurance would buy 5 Bitcoin and run the token into zero value.
your views?
For sure i will be glad because i can buy a thousand bitcoins if that happens,imagine i this can bring me to become a millionaire after five to ten years if bitcoin price strikes again and blow to thousand bucks value?but you had already mentioned that your assumptions are impossible to happen If on other less regulated market places it did, short sellers could easily arbitrage and for $5 in insurance would buy 5 Bitcoin and run the token into zero value.
your views?
Actually the assumption is impossible. No asset class in history I believe has crashed to a $1 “Overnight” . Even if it were to crash to a low price it would take many months, maybe years. When a company’s stocks tumble because of liquidation it takes months, years too until it’s delisted.
If on other less regulated market places it did, short sellers could easily arbitrage and for $5 in insurance would buy 5 Bitcoin and run the token into zero value.
your views?
Why should i care if bitcoin drops 1$ overnight ?because i know for sure that in the next day it will grow again to more than $20,000 lolIf on other less regulated market places it did, short sellers could easily arbitrage and for $5 in insurance would buy 5 Bitcoin and run the token into zero value.
your views?
This market is unpredictable and volatile everything can happen overnight,so if this can fall to a penny,then it can grow also to million right?
I doubt that bitcoin can go back to zero value,because this currency is circulating in the whole world market and has being used by billionaires,for sure they will never allow this to happen even in a glimpse of an eye
Actually the possibility of that is very possible, because bitcoin is very volatile and prices can go up or down in a very large amount and in any time. I think that bitcoin crashes to $ 1 that can happen if the development of bitcoin gets worse. But seeing the reality now, even though the price of bitcoin is down but the development of bitcoin tends to increase, there is a lot of adoption and the start of public interest keeps bitcoin growing, making it very difficult for bitcoin to crash to $ 1 in one night. I think bitcoin won't touch that number because of the good development of bitcoin. But if bitcoin crashes to $ 1 it will certainly be a critical condition, and there will definitely be many people who panic.
Actually the assumption is impossible. No asset class in history I believe has crashed to a $1 “Overnight” . Even if it were to crash to a low price it would take many months, maybe years. When a company’s stocks tumble because of liquidation it takes months, years too until it’s delisted.
If on other less regulated market places it did, short sellers could easily arbitrage and for $5 in insurance would buy 5 Bitcoin and run the token into zero value.
your views?
I don't want to assume and I think the thing you say is something that is impossible. Bitcoin is still very much needed by many people and Bitcoin will still have value. 1USD is an impossible value, we'll see what will happen because I'm very optimistic that the price of Bitcoin will increase in the future !!If on other less regulated market places it did, short sellers could easily arbitrage and for $5 in insurance would buy 5 Bitcoin and run the token into zero value.
your views?
Bitcoin is an important commodity in the current financial system, a significant development over the past 8 years has made Bitcoin a standard in the financial system at this time.
even other cryptos are more useful than bitcoin in terms of a currency and an asset purpose , that is why it is always possible for bitcoin to go down 1 usd or below . it is also possible than it can drop instantly as soon as all people will decide to sell and dump thier btc in exchange for fiats or other cryptos . if that happens , i guess there is no need to worry about because we can still use altcoin or other cryptos that have the next highest possible value aside from btc itself .
Actually the assumption is impossible. No asset class in history I believe has crashed to a $1 “Overnight” . Even if it were to crash to a low price it would take many months, maybe years. When a company’s stocks tumble because of liquidation it takes months, years too until it’s delisted.
If on other less regulated market places it did, short sellers could easily arbitrage and for $5 in insurance would buy 5 Bitcoin and run the token into zero value.
your views?
I don't want to assume and I think the thing you say is something that is impossible. Bitcoin is still very much needed by many people and Bitcoin will still have value. 1USD is an impossible value, we'll see what will happen because I'm very optimistic that the price of Bitcoin will increase in the future !!If on other less regulated market places it did, short sellers could easily arbitrage and for $5 in insurance would buy 5 Bitcoin and run the token into zero value.
your views?
Bitcoin is an important commodity in the current financial system, a significant development over the past 8 years has made Bitcoin a standard in the financial system at this time.
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