Why Bitcoin price may not crash like 2013 - page 3.

darkangel11

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Quote from: snipie on January 14, 2017, 01:04:47 PM

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

The greatest impact on the crash had China and their fake bans every month. The fall was started by Gox, but was continued by the lack of positive news that caused an outflow money from bitcoin to fiat.
Take a look at the charts from 2014. The initial wave, we could call it Gox wave, took us down from around 1150USD to 450USD between December and May. By that time the Gox situation was clear, they were out of the picture. The real depression started in August 2014 and dragged the price below 200USD.

snipie

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

PokerFace3

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Quote from: Tmdz on January 14, 2017, 04:19:33 AM

A lot has happened in those 4 years.

Many people have joined the bitcoin world and halving occurred recently.

Yes, the bitcoin community must be bigger than what we had three years back. This will definitely support bitcoin prices not to fall in similar manner. I guess this mass adoptions reason must be more than enough for bitcoin prices to hold at current levels itself.

As per 200 days moving average, if prices sustain above $800 will lead to $900 and $950 so easily.

Tmdz

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A lot has happened in those 4 years.

Many people have joined the bitcoin world and halving occurred recently.

MFahad

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Quote from: CraigWrightBTC on January 07, 2017, 01:26:13 AM

The world were changed, today is 2017 and many people, countries, corporations, investors that adopted bitcoins.
So bitcoin's price will not back to $200 is like 2013 although it is just prediction,
But many new exchangers, new comunities of digital coins and bitcoin become benchmark for other coins.

In 2013, Bitcoin was not as popular and trusted as it is now in 2017. So at that time people sold all, thinking it can be the End of bitcoins but now in 2017 everyone knows that bitcoin is the future of digitial world and there are lots of bitcoin shops and projects in progress which make it impossible for bitcoin to crash badly.

Lain33

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Quote from: talks_cheep on January 05, 2017, 10:42:09 AM

@OP, you need to change your title to:

Why bitcoin will crash like 2013

LOL

Looks like a crash is happening! I'm just surprised how many of these long-time forum members ARE so wrong to say crashes will never happen now. Who wants to buy $1000 bitcoins? Most people in the world can't even afford to buy toilet papers, let alone expensive virtual coins for thousand dollars a piece.

Those people should buy bitcoin, then they can afford more one day Wink

CraigWrightBTC

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The world were changed, today is 2017 and many people, countries, corporations, investors that adopted bitcoins.
So bitcoin's price will not back to $200 is like 2013 although it is just prediction,
But many new exchangers, new comunities of digital coins and bitcoin become benchmark for other coins.

bettercrypto

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Quote from: FrannWilder on January 05, 2017, 06:05:53 PM

Its more stable than ever before so maybe it can hold the prices more, it crashed today a bit but I expect a rising soon.

I agree. I look at the history of bitcoin and saw that the ATH was last Dec. 2014, then soon after the price crashed until it below $200. The situation of Bitcoin is different from 2014. We can see more people who are participating in Bitcoin economy. Aside from that, there are many company that supports bitcoin than those early years.

FrannWilder

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Its more stable than ever before so maybe it can hold the prices more, it crashed today a bit but I expect a rising soon.

GMPoison

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Quote from: talks_cheep on January 05, 2017, 10:42:09 AM

@OP, you need to change your title to:

Why bitcoin will crash like 2013

LOL

Looks like a crash is happening! I'm just surprised how many of these long-time forum members ARE so wrong to say crashes will never happen now. Who wants to buy $1000 bitcoins? Most people in the world can't even afford to buy toilet papers, let alone expensive virtual coins for thousand dollars a piece.

Be glad we didn't get up to $2000. Had it crashed there who knows where it would have stopped. Definitely not going to crash like 2013 though.

rogerwilco

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So on 1/5/17 it falls 22% (currently down 16% from high today).

From 7/30/16 to 8/1/16 it fell 29%.
From 6/19/16 to 6/22/16 it fell 29%.
On 1/14/16 it fell 17%.
From 11/9/15 to 11/10/15 it fell 23%.

All of these stats cherry pick the highest to lowest points on the worst days in the last 15 months.
All of these falls quickly recovered (i.e. very few trades actually took place at the low points).
All of these falls occurred after sharp rises, and the new equilibrium points settled higher than the old equilibrium points before the rise.

Before you start comparing to 2013/14, you first have to argue why this is anything different from the other setbacks during the current bull run that started in October 2015.

talks_cheep

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@OP, you need to change your title to:

Why bitcoin will crash like 2013

LOL

Looks like a crash is happening! I'm just surprised how many of these long-time forum members ARE so wrong to say crashes will never happen now. Who wants to buy $1000 bitcoins? Most people in the world can't even afford to buy toilet papers, let alone expensive virtual coins for thousand dollars a piece.

hl5460

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Shorts whale have to liquidate on OKCoin.

Pumpkinetic

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Quote from: Herbert2020 on January 04, 2017, 02:30:53 AM

Quote from: Pumpkinetic on January 04, 2017, 01:54:17 AM

Quote from: Kakmakr on January 04, 2017, 01:43:31 AM

The last time we saw these prices, it was artificially pushed by the Willy bot and not human intervention. This time, no bot seems to be pushing the price, so it might just last a little longer than before. We might also just see some higher prices, if this trend continues.

Uncertain economic times will always push people to invest in safe havens and Bitcoin as a commodity has proven itself as a commodity that can retain value in uncertain economic times. ^smile^

Dont kid urself. Its all bots. Do you think china really trades over 30 million btc a day? Thats laughable.

the huge volume any of the exchanges report has some percentage of fake report in it without an exception and that is mostly for publicity and competing with each other in ranking. and also i have to add that those Chinese exchanges that you are looking at have 0 trading fee and that makes any trade with even smallest change easily doable hence increasing the trading volume 10 times more.
but it has not much to do with the price rise of bitcoin.

Yeah but its a big scammy lie. All the owners selling and buyng into themselves making huge orders when the books are thin. Its so easy to spot too just by looking at the recent trades and the order books.

oblomov

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Quote from: hl5460 on January 04, 2017, 12:49:41 AM

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

I don't think it will crash for the following reasons:
- institutional investor interest is really picking up steam now
- much broader user base
- BTC markets are much more liquid than in January 2014. Professional, KYC/AML compliant exchanges and retail customer-friendly on-ramps such as Coinbase.
- global "war on cash" is really a war on individual liberty. BTC solves a problem that gold can't (how can one get value out of an authoritarian country?).
- I agree with Brian Armstrong that BTC will become the digital "reserve currency"

GMPoison

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Quote from: botany on January 04, 2017, 12:27:59 PM

Quote from: damiano on January 04, 2017, 07:25:01 AM

Oh Bitcoin will crash don't worry about that. The question is where and when will the exchanges pop setting of the next round of accumulation.

There may be minor pull backs, but is Bitcoin going to lose 50% of its value in a matter of weeks.
That is what I would define as a crash in Bitcoin terms.

Yeah, when speaking of a rise in price followed by a crash, we must not forget about December of 2013, lol.

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Quote from: damiano on January 04, 2017, 07:25:01 AM

Oh Bitcoin will crash don't worry about that. The question is where and when will the exchanges pop setting of the next round of accumulation.

There may be minor pull backs, but is Bitcoin going to lose 50% of its value in a matter of weeks.
That is what I would define as a crash in Bitcoin terms.

Latwindar

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Quote from: Denker on January 04, 2017, 09:03:47 AM

Quote from: Velkro on January 04, 2017, 01:13:39 AM

all rapid grows in a market must have rapid lowering of price, action = reaction
but i agree, this time it is more value gains than speculation, it will be lowered but no to 500$ range or 700$ range but maybe to 800$ only

We've seen steady and healthy growth in 2016 with lots of entry points for people to buy in or accumulate more.
2013 was completely different.A crazy run in 4 weeks which obviously was not sustainable and probably manipulated by one big exchange which had more than 60% of the whole trading volume at that time.
So much has changed during the last 3 years.Over 150 exchanges worldwide!Much more businesses accepting Bitcoin!A U.S. President where a part of his board advisors is PRO Bitcoin!
Fiat currencies devaluing in a rapid phase in certain countries! NIRP/ZIRP!
The big money is having an eye on Bitcoin! Think about guys like Bill Gross! Probably/hopefully an ETF getting approved soon!

Yes we will see some correction!This is good, this is healthy! But as long as we don't see a major issue like a hack, theft or whatever I doubt we will see a crash like 2013!
Let's hope for the best and cross your fingers!

That is right. There is no price bubble in 2016. I hope there is no bubble this year as well.

Denker

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Quote from: Velkro on January 04, 2017, 01:13:39 AM

all rapid grows in a market must have rapid lowering of price, action = reaction
but i agree, this time it is more value gains than speculation, it will be lowered but no to 500$ range or 700$ range but maybe to 800$ only

We've seen steady and healthy growth in 2016 with lots of entry points for people to buy in or accumulate more.
2013 was completely different.A crazy run in 4 weeks which obviously was not sustainable and probably manipulated by one big exchange which had more than 60% of the whole trading volume at that time.
So much has changed during the last 3 years.Over 150 exchanges worldwide!Much more businesses accepting Bitcoin!A U.S. President where a part of his board advisors is PRO Bitcoin!
Fiat currencies devaluing in a rapid phase in certain countries! NIRP/ZIRP!
The big money is having an eye on Bitcoin! Think about guys like Bill Gross! Probably/hopefully an ETF getting approved soon!

Yes we will see some correction!This is good, this is healthy! But as long as we don't see a major issue like a hack, theft or whatever I doubt we will see a crash like 2013!
Let's hope for the best and cross your fingers!

BitHodler

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Quote from: damiano on January 04, 2017, 07:25:01 AM

Oh Bitcoin will crash don't worry about that. The question is where and when will the exchanges pop setting of the next round of accumulation.

I think it will happen any time soon as the market simply can't continue to push the price further without the market taking some sort of a break.

That's why I once again took this opportunity to cash out some profits between $1050-$1060. I am happily waiting to see whether or not the correction will kick in any time soon.

If it happens, then I have my fiat ready to buy back more coins for the same amount of money. That will feel really good. If the price continues to go up, then it's fine as well as I have enough coins left.

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