Why Bitcoin price may not crash like 2013

Reatim

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Quote from: bravehearth0319 on January 21, 2017, 09:21:17 AM

Quote from: hl5460 on January 03, 2017, 11:49:41 PM

Several factors including China’s economic situation have made the Bitcoin surge different from what was the case in 2013 when the price first rose above the $1000 tag but later reversed. As a result, the rising price of Bitcoin today is not likely to suffer a similar fate. Going by its record up till 2016, Bitcoin has put several economic theories in doubt and come up with an established price that cuts across multiple exchanges. Below are some of the observed factors that made it happen:

http://news.8btc.com/why-bitcoin-price-may-not-crash-like-2013

So far the price of Bitcoin ranging only in between 800$ to 900$ and up. fro what happened way back 2013 it will also be happen now this 2017. It is because the demand of the community is rapidly existingly happening now.

The bitcoin price is rising slowly, so it will not crash a lot.

bravehearth0319

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Quote from: hl5460 on January 03, 2017, 11:49:41 PM

Several factors including China’s economic situation have made the Bitcoin surge different from what was the case in 2013 when the price first rose above the $1000 tag but later reversed. As a result, the rising price of Bitcoin today is not likely to suffer a similar fate. Going by its record up till 2016, Bitcoin has put several economic theories in doubt and come up with an established price that cuts across multiple exchanges. Below are some of the observed factors that made it happen:

http://news.8btc.com/why-bitcoin-price-may-not-crash-like-2013

So far the price of Bitcoin ranging only in between 800$ to 900$ and up. fro what happened way back 2013 it will also be happen now this 2017. It is because the demand of the community is rapidly existingly happening now.

Mr.grin

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probably because this is a pure price increase. in 2013, the price of bitcoin manipulated such that the price reached $ 1,000. but this year, the price of bitcoin ride height by itself. so, I think the decline that occurred in recent days, caused only by panic selling.

jakelyson

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Quote from: Carmen_Sandiego on January 20, 2017, 10:16:38 AM

~snip~
Yeah, back then things were harder for Bitcoin for a lot of reasons. There were few exchanges. Mt. Gox, the most popular at the time, was manipulating the price, according to some people who study the market, until the house of cards collapsed. But luckily things have changed a lot since then.

I think that is the main difference. Back then, there are very few users and exchanges, that makes the market easily manipulated. Right now, the users are diverse and there are different exchanges. SO one exchange manipulating the price does not have that much effect compared before. If ever one gets hacks, the price may drop but we can recover quickly from it. Unlike in 2013, we got stuck in a low price for too long.

Carmen_Sandiego

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Quote from: maku on January 17, 2017, 07:38:26 PM

Quote from: lionheart78 on January 17, 2017, 05:04:37 PM

People that are trading way back 2013 are veterans now, assuming they were newbie back then, and somehow Chinese News have less effect to them than year 2013. In addition to that, there are more people that is supporting bitcoin today and are willing to catch those weakhands coins. As result, price never go down to sub $700.

Crash of 2013 wasn't caused by inexperience of traders. It was caused by Mt.Gox collapse (among other things).
We all know that during ATH Mt.Gox was already out of commission and wasn't processing selling orders at all.
Soon after that price of BTC collapsed.

Yeah, back then things were harder for Bitcoin for a lot of reasons. There were few exchanges. Mt. Gox, the most popular at the time, was manipulating the price, according to some people who study the market, until the house of cards collapsed. But luckily things have changed a lot since then.

SvenBomvolen

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Indeed bitcoin seems much stronger now then back then, and along with that bitcoin have much more followers now, and bitcoin is accepted on more places now then back then. This 3 factors are big enough reasons why bitcoin will not face the same crash like 4 years ago.
And looks like price is recovering, bottom was under 800$ and until then price is going up. Now we are around 900, last night when I look price was couple dollars more, today (now) price is little under 900$.

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Quote from: lionheart78 on January 17, 2017, 05:04:37 PM

People that are trading way back 2013 are veterans now, assuming they were newbie back then, and somehow Chinese News have less effect to them than year 2013. In addition to that, there are more people that is supporting bitcoin today and are willing to catch those weakhands coins. As result, price never go down to sub $700.

You are right. 2013 to 2017, 4 years of bitcoin journey. Bitcoin has gained popularity , interest and confidence of million of users. Also there are now lots of sites which accepts bitcoins and also sites which solely relay on bitcoins like Dice Sites, Bitcoin bets etc. All these things will never let the bitcoin price down now.

xIIImaL

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Quote from: cramcram21 on January 20, 2017, 06:25:44 AM

Well I think bitcoin price will not crash like what happened in 2013 because bitcoin have more user now compare to 2013,

there are a lot of user so that means that the demand for bitcoin got more higher than before and I think that is the reason why the price keeps on getting high.

I do not think It will happen like 2013. because you can find the price pump reason. It is happened first due to Halving and christmas and holiday pump moved bitcoin to the peak. Again it fall to lower than 800$ and now again boosting to 900$.

cramcram21

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Well I think bitcoin price will not crash like what happened in 2013 because bitcoin have more user now compare to 2013,

there are a lot of user so that means that the demand for bitcoin got more higher than before and I think that is the reason why the price keeps on getting high.

cengsuwuei

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in 2013 bitcoin price is crash and down
because mt.gox is problem
big exchanger problem, can down bitcoin price
same with case bitfinex in 2016, bitfinex hack in bitcoin balance and then bitcoin price is down
and now in 2017, nothing problem

richardsNY

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Quote from: Idrisu on January 19, 2017, 08:21:53 AM

After a pull down from over$1100 to $750 the bitcoin market or price has remained in normal currencies recovery mode. The price has a steady progressive and tranquil movement. As am posting bitcoin is trading at $898 and to me, it is a good development. The enemies of bitcoin what it to full completely as it happened in 2013 but bitcoin has developed and got stronger for now than then. I specifically expect bitcoin prices to be above $2000 by the end of 2017.

You definitely have a lot confidence in the price this year. I am optimistic, but nothing close to your level. I am just pointing my target at maintaining the $1000 level for longer than just a few days. But at this point, I don't know how realistic it really is since I consider anything over $800 to be a fair price in terms of where we stand right now. I am sure that the activation of segwit will give the price a healthy push forward. But then again, no indication of activation yet.

Idrisu

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After a pull down from over$1100 to $750 the bitcoin market or price has remained in normal currencies recovery mode. The price has a steady progressive and tranquil movement. As am posting bitcoin is trading at $898 and to me, it is a good development. The enemies of bitcoin what it to full completely as it happened in 2013 but bitcoin has developed and got stronger for now than then. I specifically expect bitcoin prices to be above $2000 by the end of 2017.

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Quote from: GMPoison on January 17, 2017, 03:32:14 PM

Quote from: snipie on January 14, 2017, 12:04:47 PM

There is many reasons that can answer this question and mainly because :
1- there is no Mtgox
2- more users, more volume exchanged...

There is no MtGox? I haven't looked at the numbers but I'm confident that Coinbase has a larger if not equal user base than MtGox had, so they could pull something just like MtGox did, no? Or maybe because they're based in the US they wouldn't get away with it?

Coinbase would definitely be able to pull something exactly like MtGox off and get away with it, despite being based in the US. I highly doubt any kind of investigation would be high-tech enough to prove that a hack was staged, nor would they be able to uncover a fake hack or digital heist.

Also, I doubt a 2nd MtGox will have as strong or as lasting an impact on prices... I believe users and traders have learnt from MtGox.

Vaskiy

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Few of the major factors were the technology, adoption, acceptance, volatility, market capital. In terms of technology now its continuously getting updated compared to the days with Mtgox. Adoption and acceptance of bitcoin and other coins were increasing based upon the backing technology. Volatility is much reduced which makes users to consider it as a currency. Capital has grown in a sudden to a big range of $4m.

Shiroslullaby

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Price is only going up.
There may be some small losses, but overall the price will continue to grow.
Buy when the price drops and HODL.
Its only going to take one big app or website to start accepting payments in Bitcoin for the price to reach an new ATH and stay there.

dhampir-D

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In 2013 the market was smaller, there were fewer users, less liquidity and there were not many exchanges, the main one being Mt. Gox. Nowadays the situation is quite different. There is a larger user base, more exchanges and even high profile investors putting money into it.
All this favors the existence of a more stable market, with increasing and real demand, causing that the price is not only result of manipulation.

Babayega31

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Thats not possible to happen again crashing like 2013, it happens because many were being to panic selling and lack of proper knowledge is the main reason why those investors were having decisions like that. But for these years buyers increased same with those sellers, so the bitcoin price is nearly proportional to both demand and supply, and the circulation of bitcoin is really healthy by means of marketing particularly tradings of altcoins.

Juggy777

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2017 has just started and it's really difficult to say it won't crash, as of now we don't know what president elect will do. Will China do more harm or will it do some good. If the economy improves over all, btc may be hit the positives are it's widely been recognised, more and more people are coming to it. It's improving and over all it looks promising let's see what turns it takes.

RhodaGila

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It could be like that, but judging from the difference, I now see a lot of people do trading Bitcoin is not just buying and selling. But there is no treatment, although how Bitcoin price goes down, then the Bitcoin price is down but not significantly.
If my opinion, this is due to the human factor, which owns and controls Bitcoin itself. The more people who have Bitcoin and the more people who trade Bitcoin than when the year 2013.

JC btc

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I am happy with its flow right now compare to 2013 that it was manipulated by a bot. Really, the economics applies in bitcoin, although a lot of users sells their bitcoin last 2 weeks ago but then, a lot of investors are just waiting for the bitcoin to at least lower the price for even $200-300 then they'll buy and that is one of the reason.

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