Topic: Why Bitcoin price may not crash like 2013 - page 4. (Read 17869 times)
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.
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 $1000 tag but later reversed. As a result, the rising price of Bitcoin today is not likely to suffer a similar fate. Going by its record up till 2016, Bitcoin has put several economic theories in doubt and come up with an established price that cuts across multiple exchanges. Below are some of the observed factors that made it happen:
http://news.8btc.com/why-bitcoin-price-may-not-crash-like-2013
http://news.8btc.com/why-bitcoin-price-may-not-crash-like-2013
It took lot of time to secure it's position and crossed the 1000$ mark, i hope it will not crash like 2013 because there are many aspects that need to be consider in 2013 many don't have any idea about what is bitcoin and why the price is very high even now many countries like India, venuzula have banned their higher notes and planning for cashless transaction. It indicates many countries are enforcing their people to go with digitally currency,now the most valued digital currency is bitcoin.
Many big promotion are being made by bitcoin users like bitcoin is one biggest in coming years will accept world widely, and many technologies have implemented with these three years so ultimately bitcoin community is keep increasing. So this time i don't think there is down fall for bitcoin again because it took nearly 3 three years to secure it's mark above 1000$.
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
http://news.8btc.com/why-bitcoin-price-may-not-crash-like-2013
Yes, your comment is very interesting. I agree with your ideas. it may not crash or fall deeply.
nowadays, many people have known bitcoin already and the utilities have been created by bitcoin.
so the increase of bitcoin price in this year is very different with the year of 2013.
Well for starters anything who has price action can have it's footing known as a support. Through out the years Bitcoin will develop it. It is like a common ground in which the price will bounce back when it touches the invisible line. Also we can say that Bitcoin is still on its up trend we don't need to worry to another crash with Bitcoin. And with a price crashing we can take advantage of it by buying more Bitcoin on a cheap price.
But for a total newbie, it will take lots of courage to pay 1100 USD for just one bitcoin.
Buy the ATH isn't my thing, but then I miss the top of a lot of bubbles. I bought a Dax tracker a few years ago when it was at 5000, I sold at 6000, it has continued up to 11000 or so now!
I guess what I am saying is, people will keep buying, they might get burned, but they could also just be at the bottom of the curve and be big in profit in no time.
Obviously it will not crash just around passing previous ATH - it will crash when it will reach 30 times previous ATH.
Well for starters anything who has price action can have it's footing known as a support. Through out the years Bitcoin will develop it. It is like a common ground in which the price will bounce back when it touches the invisible line. Also we can say that Bitcoin is still on its up trend we don't need to worry to another crash with Bitcoin. And with a price crashing we can take advantage of it by buying more Bitcoin on a cheap price.
But for a total newbie, it will take lots of courage to pay 1100 USD for just one bitcoin.
Luckily bitcoin is divisible up to 8 decimal places
You can pay $1.1 for 1mbtc.
Well for starters anything who has price action can have it's footing known as a support. Through out the years Bitcoin will develop it. It is like a common ground in which the price will bounce back when it touches the invisible line. Also we can say that Bitcoin is still on its up trend we don't need to worry to another crash with Bitcoin. And with a price crashing we can take advantage of it by buying more Bitcoin on a cheap price.
But for a total newbie, it will take lots of courage to pay 1100 USD for just one bitcoin.
Luckily bitcoin is divisible up to 8 decimal places
It must be complete foolishness if we expect exact things to happen like 2013. Still I expect similar patterns to happen. Like new ATH and then some pull back. But why not we expect the new ATH above $2000 or even $10k levels.
Anyway this gives me extra hope to keep on holding my bitcoins. I will be tension free like whether to book profits or just carry on. I will holding tight.
Anyway this gives me extra hope to keep on holding my bitcoins. I will be tension free like whether to book profits or just carry on. I will holding tight.
Well for starters anything who has price action can have it's footing known as a support. Through out the years Bitcoin will develop it. It is like a common ground in which the price will bounce back when it touches the invisible line. Also we can say that Bitcoin is still on its up trend we don't need to worry to another crash with Bitcoin. And with a price crashing we can take advantage of it by buying more Bitcoin on a cheap price.
But for a total newbie, it will take lots of courage to pay 1100 USD for just one bitcoin.
Well for starters anything who has price action can have it's footing known as a support. Through out the years Bitcoin will develop it. It is like a common ground in which the price will bounce back when it touches the invisible line. Also we can say that Bitcoin is still on its up trend we don't need to worry to another crash with Bitcoin. And with a price crashing we can take advantage of it by buying more Bitcoin on a cheap price.
I am fan of fundamental analysis and I partially agree with your statement on the note that bitcoin won’t crash like 2013 but I think (probably Einstein thought that before me) every action has equal and opposite reaction so if bitcoin has risen $1000 then it will at least fall by 10% or 20% in the near future and then will head towards new record.
In simple example, it will grow like,
1 – 2 – 3 – 4 – 3 – 2 – 4 – 5 – 6 – 7 – 8 – 7 -6 -7 -8 - 9
and not like,
1 – 2 – 3 – 4 – 5 – 6 – 7 – 8 – 9 – 10 – 11 – 12 - 13 -14 -15 - 16
In simple example, it will grow like,
1 – 2 – 3 – 4 – 3 – 2 – 4 – 5 – 6 – 7 – 8 – 7 -6 -7 -8 - 9
and not like,
1 – 2 – 3 – 4 – 5 – 6 – 7 – 8 – 9 – 10 – 11 – 12 - 13 -14 -15 - 16
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
http://news.8btc.com/why-bitcoin-price-may-not-crash-like-2013
Bitcoin now has more users compared with 2013.
More users means a more stable market and therefore a more stable market price.
That doesn`t mean that the btc price won`t go down in the future.
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^
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.
It might not as, so far, the price increase hasn't gone exponential yet. The curve is steepening though, 40% in a month is a big increase.
Everyone needs to decide for themself if they are happy sitting on paper profits that might crash in value, or if they want to have a fiat profit.
If the price crashed to $700, we couldn't really complain. I personally want to see a crazy bubble like last time, something like $4000 per coin would be great, even if it wasn't sustainable.
Everyone needs to decide for themself if they are happy sitting on paper profits that might crash in value, or if they want to have a fiat profit.
If the price crashed to $700, we couldn't really complain. I personally want to see a crazy bubble like last time, something like $4000 per coin would be great, even if it wasn't sustainable.
Still the bitcoin is vulnerable to crash but not big like the one that happen in 2013 and in bitfinex hacking. Some factors like increased acceptance, limited supply and uneasy world economy will continue to push the bitcoin price upward.
Bitcoin has taken a long time to get to the price that it is at now. Back in 2013, Bitcoin was younger and the price was rising much much faster and when it started to go down, it just crashed. I don't think that the same thing will happen because the price is steadily going up instead of jumping up a lot in one go.
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^
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.
..2013 was also heavily manipulated by bots, while this recent rise appears to be mostly organic and there appears to be a lot of normal buy orders and sell orders made by real people, and not algorithms. They have a part, but it seems like people are finally, really invested.
Yes I might agree in this part. Although we can still seeing some attempt of manipulation, it was only a triggering thing now and can't dictate the output as a whole. Meaning at least in most of the cases, there are real investors putting some money in this cryptocurrency and increasing more while time passes by.
This is totally different way back 2013 where volumes can be faked and it's quite easy to make a FUD that makes people panic whether to act like a bull or a bear.
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^
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^
I doubt it'll crash like 2013, especially considering that right now we're looking at something otherwise unprecedented and completely new to what we'd normally see from Bitcoin.
2013 was also heavily manipulated by bots, while this recent rise appears to be mostly organic and there appears to be a lot of normal buy orders and sell orders made by real people, and not algorithms. They have a part, but it seems like people are finally, really invested.
2013 was also heavily manipulated by bots, while this recent rise appears to be mostly organic and there appears to be a lot of normal buy orders and sell orders made by real people, and not algorithms. They have a part, but it seems like people are finally, really invested.
Good point. Another difference, as pointed out by TD, is that we have all sorts of derivatives like longs and shorts.
http://8btc.com/forum.php?mod=viewthread&tid=6470&page=308#pid587066
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