Topic: Will Bitcoin eventually crash? (Read 346 times)

There is always a function for bitcoin, even if we can say "running away from fiat to keep the value of my wealth" that would be enough, it is called store of value, if you can buy a house for a million dollars today, and instead you keep that million dollars in bank, in 10 years that house will be maybe 3 million dollars and your million dollars will not be able to buy that house, that is inflation, and with a store of value asset you put it in there, and it will at least give you whatever that house will be worth, maybe more as well like bitcoin, there could be lower periods as well when it goes down but if you wait enough it will break through that and go higher.

Think about buying at 20k and thinking how stupid you are for buying at 20k when it reaches 3k, but if you kept buying instead of being upset, it is 56k+ right now, you would have been richer. Hence the store of value is a valid reason, even if no other reason is given.

First of all, Bitcoin shouldn't be compared with the US dollars because they are completely different from each other and the reason behind Bitcoin creation Is to serve as alternative currency not to by chance overthrow the dollars.

The surge in price of the Bitcoin market from $6K to $54K is not crazy cause this is not the first time Bitcoin will experience an enormous increase in price and the year 2024 market trend will be big than this year so you better be prepare.

I don't understand what you mean by Bitcoin to crash in place but if you're relating to dump in price? Yes, it will cause market blood bath will happened after the bullish market is over.

This is why you choose bitcoin for your investment right?

As for your concerns, bitcoin will crash since long time ago if there is no substantive thing, but as you can see now its price just make many people regretted to not buying it at the low price.

More than that, if bitcoin doesn't have a function then I guess there is no significant increase from its lower price $3500 because previously its price had been increased to $20.000 and crashed to $3500 but as we can see now $56.000 is a high price for an investment place.

If you check the bitcoin price in long term you will understand this is possible for bitcoin to fall rapidly in short term. So, yes, the price can crash again one day but the whole point is bitcoin will eventually rise again after the price crash. Like what happened on 2017 and 2020. So, if you are holding bitcoin as long term investment you should not be worry about the market price crash. People say it's a price crash but in my own idea market is giving us  some discount to but bitcoins at cheaper prices.

But the innovative digital asset, maintained by a decentralized swarm of so-called miners, has a long history of volatility. Most observers expect some retrenchment of that rally sooner or later.Supporters see Bitcoin’s history of volatility as just a matter of watching the world catch up, in fits and starts, with an inevitable future. Ten years of steady growth seems to have vindicated that view at least for now. But the growing pains can be truly savage.

FOMO always result to crash, that's normal but even if bitcoin will crash, it's not something that we should worry or be panic, only those who ride with the FOMO and does not fully understand the market behavior will panic. Crash in crypto is different from stock market, here, most of the time, crash means opportunity as bitcoin always bounce back and make a new ATH again and again, time can only tell though.

Good for you mate, what we've been looking forward with bitcoin and other promising tokens is always profit. No other reasons for our struggles but to gain sustainable returns coming from our investments. If I could just turn back time, all those shortcomings I had will be corrected just to make good decisions. Because, the past was not managed very well and maybe when this time comes I'll able to turn those money into bigger profitable gains.

Enjoy the profit, a crash does happen, sometimes even at an unexpected time or event like the pandemic, so always prepare yourself, and always get an update on what's happening in the market, and follow the coin you've invested, so you'll know the action that you are going to take, always get ready to sell and always look for the best coin to invest.

But it all points to the direction that we have reach the bubble. Personally, I was in the denial and think that the price can still recover that time or at least goes back to $20k++.


But this time it's different, bitcoin is now a to hold on their balance sheet of big companies, hedge against bad governance and other factors that might really push the price even higher.

well 54k now but the highest climbs up to 58k, and also it is not capitalist that attracted us because we are already attracted since day1 of 2020.
Guarantee? for ? are you kidding me? in every investment there is no assurance , that's why this is a risky market but profitable because none of us can promise what will happen tomorrow .
Well we are for profit also but for technology as well, meaning even what happened in the future we will accept with all our heart because we trusted this market .

Uhm. I'm not going to comment on the $10k part because it's always a possibility; but clear, imminent downtrend? What downtrend? You better double check my dude because you might be looking at a screen that's upside down.

Bitcoin has always crashed, will always crash, and is in a clear, imminent down trend. Prices are confirmed proven to be unsustainable above $10k. No mathematician contests this.

If you're not certain with how bitcoin performed lately, we're free to decide while there's enough profit. Always choose what's best that you can imagine now, don't be stressed out then take your profit. Investment needs acquired patience, but if you're not strong enough to face every challenges; everything will be unworthy to be taken into focus.

I only represent my personal point of view. I am not a professional, but I know some professionals and have learned something. 1. Although Bitcoin shows a total of 21 million, but the lower limit is extremely high, you can even buy 0.00001. 2. Why doesn't Buffett invest in Bitcoin, because you only know that Bitcoin is something calculated through a special algorithm, not actual For example, in the case of gold, Buffett invests in stocks because you can observe the development of a company. 3. If you are not investing in Bitcoin for profit, then you want to store it because it is valuable? Wow, then you are a true collector. 4. Its value has been increasing. Most bitcoins are held in the hands of a few capitalists, who have maintained their wealth, tax evasion, etc., and it may continue to grow. 5. Under the influence of corona in the global economy, virtual goods have a high value, the employment rate of corona is recovering, even gold is plummeting, and Bitcoin is still rising. 6. No country really recognizes Bitcoin, as some of you said that no one is the CEO or president of Bitcoin. Then I can’t understand its value and can’t plan what the future will be. It’s just my personal opinion. I am a very simple person, just to make money and meet the material foundation. Maybe I am stupid. Every expert is welcome to let me know More, thank you very much, my tuba has its own business so I use a trumpet, please understand.

There's nothing wrong for being a bearish sometimes on Bitcoin, even short term bearish, especially the OP seems like an investor and want to take profits along the way, nothing is wrong there.

To be honest, I am still afraid for a huge correction this time, I am basing it to previous bull run of Bitcoin all over the years, like almost more than 50% correction before making a new all-time-high again. I don't want to happen it anymore, so let's hope it will not happen, if so, being ready is good.

There's always possibility, in early 2018 if I'm not mistaken most of us never thought that it could go down very deep that fast although people have been speculating about bitcoin's dump but it's still made people shocked nonetheless.

Considering the rise that we've experienced recently is really high IMO it has a higher chance for that to happen however you should also consider the circumstance of bitcoin in 2018 and it's in 2021. IMO the only thing that could save bitcoin from massive dumping after huge price rally is mass adoption and we've been seeing many this recent year. just my 2 cents take with grain of salt.

Maybe that is not a crash but a correction. But the correction can drops too deep without us know. Many people are making a big profit from the increase of bitcoin price, and I think they can accept the correction will happen many times in bitcoin history. But for people who know that bitcoin will be down and up, they will not worry and even they will try to use that moment to buy and sell bitcoin and make a profit. You do not need to worry about that, and as long as you can follow that person to buy low and sell high, and hold it for some time, you will also make a profit like them.

We had enough from 2020 , i don't wanna be rude but please stop your Shits about this crash things.

The Covid-19 pandemic had already ruined the world and the whole crypto community , this is a sudden event that we must forget for a while
so talking about the same nightmare again is for me a Not ethical nowadays .

So lets enjoy the goodness of market for a while...

If I were a selfish person I would say you would have crashed before bitcoin, before you could see it fall. This market took many years to get where it is today, it differs from other markets where there is very little actual value.

But do you know what it means to create it? I don't we just use it and find it good and valuable for best friends. And don't look at such a far-fetched perspective that you cannot imagine.

That's because you are new and also forgot to look at bitcoin's history. Going from $6k to $54k is a small rise (800%) compared to the history of bitcoin. For example the last "cycle" bitcoin went from $150 to $20000 which is 13233%, or before that price went from $2.22 to $1200 which is 53900%
I suggest you take a look at bitcoin charts.

Who is "us"?
Decentralization and censorship resistance attracted me.

Bitcoin is already a global currency but it was never supposed to overthrow anything, that last part is something people thought of on themselves and you have to ask those who came up with it why they did!

It depends on how you define "crash".
Going down 30% could be defined as a crash in any market. Bitcoin has regular drops of that size. So yes bitcoin regularly crashes.
Going down 10% could also be defined as a crash in many markets. Bitcoin has them even more than 30% drops.
Going down 80% could also be defined as a crash. It is rare in bitcoin and it only happens if bitcoin reaches a massive bubble like if it reached $500k.