Why Some Speculating Bitcoin To Crash? - page 6.

magneto

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Quote from: CryptoBry on December 03, 2017, 11:59:39 PM

I could not understand why there are those who are also in Bitcoin yet are predicting that Bitcoin can go as low as $3,000 or even $5,000 when a crash can happen soon. I am not saying that a dip -- a big dip -- will never happen but considering the things happening right now in the world of cryptocurrency, I don't believe that it can go as low as those figures.

Maybe if one day USA will decide to follow the footsteps of Japan in banning Bitcoin trading activities, then maybe it can be possible that Bitcoin can crash big time but even then it can still be able to recover fast due to people always waiting for an opportunity to buy Bitcoin cheaply.

Are you expecting Bitcoin to get so low once it crashed?

Anything could happen during a period without rallies and quick downwards movements. Panicking investors is always the worst and there will be no bottoms basically if bitcoin does crash hard after the current rally.

Anyone's welcome to take on that position if they'd like to, i don't blame them. but personally i'm still quite bullish.

I think that when the rally ends, lowest BTC will go is probably 5-6k, instead of 2-3k some people are talking about.

nl247

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Quote from: tokeweed on December 04, 2017, 06:45:40 AM

Heh... They're prolly butthurt they didn't get in when they had the chance. It was right in front of them on 2014 - 2015. I used to tell all my friends to buy some, but for some reason they wanted to invest in something else like stocks in order to look good or smart or 'Wall-Street-like'. In other words, they're looking for approval.

Now they're asking me if it's still a good time to buy, I tell them: Nope. Lol. Grin

Butthurt indeed. The problem with some people is that they really do not know how to face life and just move on if they missed a moment. They can keep wishing for whatever they like but this is something that would never happen. Bitcoin once it even becomes more usable and the scaling issue is solved, then it would even skyrocket the value even more than we have as the demand would increase. The only reason why bitcoin can ever get to that level is if the demand gets too low and the supply gets extremely high which I do not see coming.

Denker

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Quote from: andreibi on December 04, 2017, 03:28:50 PM

Because parabolic moves tend to crash regardless of whatever market.

That's true for general markets. However Bitcoin is not a stock or just a currency. In first place it's still a NETWORK!
And when you know how fast networks can grow s-curve adoption takes place this is what you also may see in Bitcoin when you look at the chart.
This is adoption happening.
Sure we will see big corrections in terms of price. But how long will they last? This year every attempt to decrease the market price significantly just got bought up immediately. I'm convinced that this won't be the case forever. But as long we can build a new solid bottom after the next big drop in the high 4 figures or maybe a bit above $10k this would still be extremely bullish. Let's if we get another blow-off top like in 2011, 2012 and 2013 with corrections about +70%. Nothing is impossible. But I doubt it will if not some kind of globally organized FUD campaign, bans happen, supported by major media outlets pushing a narrative involved with government figures announcing some BS.

illinest

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Quote from: CryptoBry on December 03, 2017, 11:59:39 PM

I could not understand why there are those who are also in Bitcoin yet are predicting that Bitcoin can go as low as $3,000 or even $5,000 when a crash can happen soon. I am not saying that a dip -- a big dip -- will never happen but considering the things happening right now in the world of cryptocurrency, I don't believe that it can go as low as those figures.

Why? Because you bought higher? Tongue

Look, I'm super bullish on Bitcoin. But you'd have to be crazy not to admit that this is a parabolic trend. It will end. Not only have such trends occurred in Bitcoin, but they occur in other markets as well, and they all share the same characteristics. I've never seen a parabolic trend break down that didn't crash at least 50% (usually more).

I know that the fundamentals are even more bullish now, but that's also reflected in the price -- It's up more than 50x from the 2015 lows. A crash that temporarily eliminates much of this year's gains is not impossible.

Quote from: CryptoBry on December 03, 2017, 11:59:39 PM

Maybe if one day USA will decide to follow the footsteps of Japan in banning Bitcoin trading activities, then maybe it can be possible that Bitcoin can crash big time but even then it can still be able to recover fast due to people always waiting for an opportunity to buy Bitcoin cheaply.

I'm assuming you mean China. The China ban only netted a 40% drop from the highs, and it took place in the middle of a huge rally. When this year's cycle finally breaks down, I expect a bigger drop than that.

armansolis593

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They are spreading FUD so that they can buy cheap bitcoin in the market, if a lot of people dump bitcoin then they will buy it since they know that bitcoin wont get to crash.
Those are lies that they spread to cause fear to the user of bitcoin.

TERA2

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Deb Rah Von Doom

Calling these corrections is not based on the financial system. It's based specifically on bitcoin history which is even more brutal.

Clark05

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Other people want to bitcoin crash the price so if that happen. They have chances to buy bitcoin with cheap price only. They wait again the price to increase and after that they will sell their bitcoin to make profit. That's the process . Wait yhe orice decrease and sell if the price increase. But I hope the price will continue to increase to make a lot of profit.

jc89

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Quote from: CryptoBry on December 03, 2017, 11:59:39 PM

I could not understand why there are those who are also in Bitcoin yet are predicting that Bitcoin can go as low as $3,000 or even $5,000 when a crash can happen soon. I am not saying that a dip -- a big dip -- will never happen but considering the things happening right now in the world of cryptocurrency, I don't believe that it can go as low as those figures.

Maybe if one day USA will decide to follow the footsteps of Japan in banning Bitcoin trading activities, then maybe it can be possible that Bitcoin can crash big time but even then it can still be able to recover fast due to people always waiting for an opportunity to buy Bitcoin cheaply.

Are you expecting Bitcoin to get so low once it crashed?

Saying that Bitcoin will crash soon are just FUDs. These people are just spreading false rumors so that some people in Bitcoin community with weak hands will immediately press the eject button when they see significant decrease on Bitcoin's price. Thus, making the decrease greater. This has always been so normal and many are getting used to it. But since there are many new comers, they will be the target of these FUDs.

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Maybe if one day USA will decide to follow the footsteps of Japan in banning Bitcoin trading activities

Japan did? I thought it was China.

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Are you expecting Bitcoin to get so low once it crashed?

That should be an obvious yes since the term used was "crash"

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...Bitcoin can crash big time but even then it can still be able to recover fast due to people always waiting for an opportunity to buy Bitcoin cheaply.

I also believe in this. It has always been that way so it is very possible and probable that when Bitcoin crashed, many will just buy more at a very low price.

JanpriX

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Buy The F*cking Dip

We can't blame them if they believe that a crash dipping into lower levels of $5k area is inevitable. They think that this bull run that we are having right now is in a bubble territory, as they are basing it in a traditional financial perspective. They need to take note that BTC and most of its aspects are against the traditional financial cycles and they need to take a different outlook on its cycle. My personal opinion is that we will have a considerable amount of correction but that will not touch the $5k area. My guess is that we will have a buying opportunity in the $8k area but that will be just a quick one. Wink

crairezx20

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Honestly all people are not the same as what they speculate about bitcoin since bitcoin is volatile we don't know what will happen with bitcoin if it can be crash or the price could increase more..
But if they are saying that the price can crash around $3k to $5k i think those people are whales who just wanted to let other let people to sell their bitcoin to push the price dip so that they can buy bitcoins again this is what think..
Because of the fake news before that whales always doing anyways to push back the price if they already sold their bitcoin.
And i think most of the holders are relaying what is the latest news about bitcoin if they hard bad news about bitcoin expect that the price of bitcoin will fall but if you heard a good news expect that the price continues to increase..

andreibi

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Because parabolic moves tend to crash regardless of whatever market.

crypto1010

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Maybe they want to score themselves some cheap bitcoins by scaring the weak hands to panic sell Grin

Quote from: BitGenerator on December 04, 2017, 03:05:56 PM

Quote from: CryptoBry on December 03, 2017, 11:59:39 PM

I could not understand why there are those who are also in Bitcoin yet are predicting that Bitcoin can go as low as $3,000 or even $5,000 when a crash can happen soon. I am not saying that a dip -- a big dip -- will never happen but considering the things happening right now in the world of cryptocurrency, I don't believe that it can go as low as those figures.

Maybe if one day USA will decide to follow the footsteps of Japan in banning Bitcoin trading activities, then maybe it can be possible that Bitcoin can crash big time but even then it can still be able to recover fast due to people always waiting for an opportunity to buy Bitcoin cheaply.

Are you expecting Bitcoin to get so low once it crashed?

There is people speculating about market control, and if in a fact this is happening we'r all screwed.

No we are not, regulators get the back seat too, bitcoin network remains decentralized and anything with a link with Fiat gets the regulators on their backs.

cindygirl

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Quote from: CryptoBry on December 03, 2017, 11:59:39 PM

I could not understand why there are those who are also in Bitcoin yet are predicting that Bitcoin can go as low as $3,000 or even $5,000 when a crash can happen soon. I am not saying that a dip -- a big dip -- will never happen but considering the things happening right now in the world of cryptocurrency, I don't believe that it can go as low as those figures.

Maybe if one day USA will decide to follow the footsteps of Japan in banning Bitcoin trading activities, then maybe it can be possible that Bitcoin can crash big time but even then it can still be able to recover fast due to people always waiting for an opportunity to buy Bitcoin cheaply.

Are you expecting Bitcoin to get so low once it crashed?

The sort of crash you talk of is a major crash and I am of the belief it will not just happen from nothing, it would have to be something like you said such as the USA banning bitcoin or a major major exchange closing down and disappearing with funds, such events could trigger a mass sell off and a huge fall in price. Other than those such things happening I don't see the price sliding anywhere near that low.

BitGenerator

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Quote from: CryptoBry on December 03, 2017, 11:59:39 PM

I could not understand why there are those who are also in Bitcoin yet are predicting that Bitcoin can go as low as $3,000 or even $5,000 when a crash can happen soon. I am not saying that a dip -- a big dip -- will never happen but considering the things happening right now in the world of cryptocurrency, I don't believe that it can go as low as those figures.

Maybe if one day USA will decide to follow the footsteps of Japan in banning Bitcoin trading activities, then maybe it can be possible that Bitcoin can crash big time but even then it can still be able to recover fast due to people always waiting for an opportunity to buy Bitcoin cheaply.

Are you expecting Bitcoin to get so low once it crashed?

There is people speculating about market control, and if in a fact this is happening we'r all screwed.

J. Cooper

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Alea iacta est

Bitcoin has skyrocketed to nearly $12K since mid-november without experiencing a major (>25%) correction, that's why some can't dismiss the thought of correcting to $3000-5000. (But at this point it's becoming very unlikely that it will correct that low) The main reason for that is the introduction of bitcoin futures trading on some major exchanges. This could be a catalyst for another big correction, but it could also be fuel for another rocket to a new ATH. If we look at the short history we can see that major crashes were incentivized by external events or 'bad' news.

richardsNY

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Why even pay attention to these people. If we look at things a bit more closely, the far majority of the predictions have turned out to be pure nonsense due to the constantly increasing market. People in most cases look at how the market was performing before this massive bull run started, and for that reason think all that applies to this market as well, which obviously isn't the case. Every round price level has been a point where people were expecting the much waited for correction to take place, but it still has to come. It may eventually come, but very likely not in the way people expect it to be.

aardvark15

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Quote from: CryptoBry on December 03, 2017, 11:59:39 PM

I could not understand why there are those who are also in Bitcoin yet are predicting that Bitcoin can go as low as $3,000 or even $5,000 when a crash can happen soon. I am not saying that a dip -- a big dip -- will never happen but considering the things happening right now in the world of cryptocurrency, I don't believe that it can go as low as those figures.

Maybe if one day USA will decide to follow the footsteps of Japan in banning Bitcoin trading activities, then maybe it can be possible that Bitcoin can crash big time but even then it can still be able to recover fast due to people always waiting for an opportunity to buy Bitcoin cheaply.

Are you expecting Bitcoin to get so low once it crashed?

It could be based on past history of Bitcoin crashes. For example, I remember Bitcoin getting pumped up to around $1,100 I think it was the end of 2013. It rose quickly from around $200 to $1,100. That’s when I first was buying. After a couple of months, the market crashed to around $400 and stayed low for maybe a year bouncing between $200 and $600. So it went from $1,100 down to $200 eventually. Now we see the price at around $11,000 so by comparison it could drop to $2000. I don’t think that will happen but it is possible. Whatever happens, I believe the price will recover just like it did after the last crash.

milkshock100

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i suspect you'd see an across the boards crash if it went down to 3,000 - by that i mean the stock market would tank as well to 2008 levels.

tomahawk9

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Cats on Mars

Quote from: CryptoBry on December 03, 2017, 11:59:39 PM

I could not understand why there are those who are also in Bitcoin yet are predicting that Bitcoin can go as low as $3,000 or even $5,000 when a crash can happen soon. I am not saying that a dip -- a big dip -- will never happen but considering the things happening right now in the world of cryptocurrency, I don't believe that it can go as low as those figures.

Maybe if one day USA will decide to follow the footsteps of Japan in banning Bitcoin trading activities, then maybe it can be possible that Bitcoin can crash big time but even then it can still be able to recover fast due to people always waiting for an opportunity to buy Bitcoin cheaply.

Are you expecting Bitcoin to get so low once it crashed?

People have been speculating and saying that Bitcoin is going to crash for ages, nothing new here. Even when the price was getting closer to 10k, a lot of people kept saying that we needed sell our coins before the crash or something like how bitcoin supposedly 'bubble' will explode after the 10k. At the end of the day, it's just rubbish, people that want to destabilize the market by making some noise with FUD garbage.
And if people are expecting to see $3,000 as the price, then they better keep dreaming.
Bitcoin will not crash, and we won't see those low prices ever again.

Denker

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Quote from: CryptoBry on December 03, 2017, 11:59:39 PM

I could not understand why there are those who are also in Bitcoin yet are predicting that Bitcoin can go as low as $3,000 or even $5,000 when a crash can happen soon. I am not saying that a dip -- a big dip -- will never happen but considering the things happening right now in the world of cryptocurrency, I don't believe that it can go as low as those figures.

Maybe if one day USA will decide to follow the footsteps of Japan in banning Bitcoin trading activities, then maybe it can be possible that Bitcoin can crash big time but even then it can still be able to recover fast due to people always waiting for an opportunity to buy Bitcoin cheaply.

Are you expecting Bitcoin to get so low once it crashed?

Bitcoin is a beast and does whatever it wants. With some good and well coordinated FUD by major media outlets with some statements by big government officials I can assure you it is very easy to push the price to low 4 digits!
And if the big guys, banks govs wanna get in for cheap coins something like that should always be expected even if you think this is nonsense.
When it's about money, power and control expect the worst Bitcoin has to fight again. We as users will get tested many more times of we are true hodlers.
Furthermore I guess you meant China, as Japan is very very Bitcoin friendly and should be seen as role model for other nation states.

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