Bitcoin Forum

I'm looking at the charts, and BTC is rising at the same speed, or even faster than previous ATH's. Does this mean a crash could happen within the next few days? I'm not saying it'll drop back to around the 700's, but I wouldn't be surprised if it dropped back to 1200, 1300. What do you think?

In a sense, I hope it does "crash" back down to $1,000-1,200... I'd love to pick up some more before another imminent growth spike :D

The other top 10 cryptocurrencies, according to market cap, have also spiked in the past week, which is rare. Normally, when the prices of BTC increase, the other cryptos decrease. Don't know what the trends are going to be for this period, but this is something I haven't seen before. Could end up being a good thing for crypto...

Big crash - We can't possibly know.

Correction - Likely.

No, we got a long way to go before this bubble pops.

http://www.gratisbitco.in/we-are-here2.jpg

true. We will have a crash upwards to the moon ^^

cool. thats what I was thinking

The current rise is nowhere near what we have seen in the past in the run-ups to ATHs; currently over the last couple of days we are up less than 10% each day; over the past month the total increase has only been around 40%.  Back in 2013 there were times where the price would double within a day, and daily fluctuations were at least 10%, day after day.

Lol well here's your crash. Let's see how deep we will fall this time.

I've been warning people not to invest in outdated unscaleable tech like bitcoin.
I guess who doesn't want to listen will have to feel it in his wallet.

Like when you said don't buy at $200?

We are going to correct the next few days but this bull run is not over.

i think most of us will be more happy if bitcoin gets crashed, because we will be having alts pumped

Drop to 1200-1300$ wouldn't be some seriouse crash for bitcoin. We saw drops much lover and faster already. Your thread name made me scary at first, maybe some other users too, but i think you just make people scare. The fact is we don;t know when the real crash will come. Will it be on a mark of 2000$ or 10000$ nobody knows.  We have to be wise and use all possibilities of bitcoin today or in nearly future to not become a looser when everything will end.

PANIC! We will going do die from hunger!
Oh, wait... long term chart still be extremely bullish.

As you mentioned and also to my mind, price fall on 700$ will be unbelieveble but it won't be strange if price will fsll on 1200$ since we had many such small falls. Current statistics is really amazing, it rises and rises. To my mind if rises will stop, at least we will get stable 1200$ and bitcoin won't fall under this. Wait, I think this is going like we will achieve 2000$ this year, don't think as joke but there are chanses that this will happen.

I don't believe that the price will drop below 1350$ anytime soon, even now price started moving upwards. Don't know who is brining money into crypto world last month but it has been working so far. Every single altcoin got pumped with the bitcoin being a star, I don't think that price will crush much as people will feel FOMO  and buy even more.

FTFY.

to OP, you seriously need to change your terminology then.
price going up is not a bubble.
price coming down is not a crash.

price going up A LOT in a short time is a bubble.
and price dropping A LOT to way below resistance is a crash.

we are seeing a big rise (not a lot) in a rather short time but it is not yet bubble territory. and price will come down because of how thin orderbooks always are in exchanges and how easily weak hands are manipulated into panic selling.

drop to $1200 -$1300? maybe, maybe not. we have to see.

I am not worried on seeing such topics on speculations on bitcoins. Now I am having more confident that bitcoin will bounce back from any level of crash. I guess the term "crash" will not give any significant meaning to bitcoin trading imho but "corrections" suits the most.

After hitting ~$1630, prices fell back to ~$1470 but now again trading around $1590, do I need to mind about crashes or a fluctuations of $150 is not covered under crashes ?

this is also what i believe.
all these years of data on the charts should have already proven this, and if anybody had any doubts in their mind about it, they deffinitely lost it when price went down from $1250 to $880 and back up again.
and that shows the huge and growing demand for bitcoin, and that is still there and will buy bitcoin back up.


i think this is mostly because of the big price rise because when prices go up fast like this, the orderbooks become thinner than usual and also people have shakier hands.

don't panic just because you see a correction, still dropping back to 1200-1300 is a very good position, those are high value

i can't see any bubble, i mean the value increase by how much 20%? that is hardly a bubble, a bubble is 100% at least or more up to 10% like with mtgox

and talking about mtgox, i don't believe there will be ever a crash like that, because the value now is genuinely pumped not fked like in the past

Thank you.

Those terms are almost as annoying (and indicative of ignorance) as using "pump" and "dump" to describe rallies and dips..

Op bitcoin and others coin are still in there early stages, price fluctuations is a normal thing in assets market and pull back or pump is an opportunity to buy or sell. Using the clash based on technical analysis like reading chart may not be an appropriate word to use. Clash in assets price happened when there is a negative fundamental analysis such economic news and event. Like what happened during the time people bank of china started the regulatory stuff and the march event of ETF.

I think that after such rapid growth can happen a big accident, even up to 1000. Therefore, some of the coins sold to make a profit.

if bitcoin price back to 1200 or 1300 dollar is very posible
but if down price until reach 700 dollar is very dificult only very bad news can bitcoin price down until 700 dollar

It will not be a big drop, and bitcoin crash sounds to hard. Fluctuations with bitciin pricr id pretty normal thing, that's why we will see that drop and for me this price shows that bitcoin is capable to get to 2000 around the nre year or shortly after. Like always in summer time price is going down and maybe this year we will see the same thing happening.

Yes, in summer the price usually goes down and I think that this year will be the same. Therefore, bitcoin has a little more time to grow.

Definitely in a bubble that could really pop at any time, but likely even if it does pop the price will slowly recover.  So no real risk unless you need to liquidate shortly after the bubble pops for personal reasons.

 ;D

Who bought many bitcoins at this price and hold until today must be very happy at that time.


I agree

Lol hehehe your back kwuckduck. Either way just let them do what they want because one's judgement can be right and can be wrong sometimes so many traders here just trust themselves and they don't listen to others after all FUD is very common. I too want to see how deep bitcoin will fall this time if bitcoin really will crash and if it will not I would also want to see how much it will rise until it crash.

Yes the big crash is coming ,as the approval from SEC is coming nearby soon on 15th may ,on the other hand if still there is rejection there might be a possibility that the price of crash to a lot extend that it might drop down to 1000$.

Is there any proof or article reference for this information bro. Bitcoin price is continuosly bumping and touched new peak value today and price is seems set as 1612$ in the Coindesk chart. Is there any reason for the dump you mentioned. I do not think that bitcoin price will see again the fork pop in the near future.

The possibilty to drop back to 1000USD per BTC is very small considering the amount of price it increase. If ever BTC dump to 1400$ then someone will immediately catch that opportunity to buy dump coin. Bitcoin has a lot of supporter that's why it is impossible to dump hard.

Well, as always, when SEC rejects Bitcoin ETF (like it has done before), the price of Bitcoin always takes a dip down, then start to rise again – that's why. But if this year was exceptional enough that SEC would accept/approve Bitcoin ETF, nothing would pause Bitcoin price from rising.

http://www.coindesk.com/sec-denies-solidx-bitcoin-etf-proposal/

Yes, I am also confident that there will be no approval. And I'm also almost sure that after the bitcoin gets a regular refusal, there will be a collapse. But I hope that bitcoin will stand this test. And its price will drop to 1200-1300 dollars.

Absolutely 100% for sure there will be a correction. There's no doubt about it. I'd say 1100 would be realistic but others will say that's being pessimistic.

How can you say that bitcoin price is a rapid growth? Its not a bubble if you think it is. There is a lot of buying specially in the Japanese market. They are now having 50% of the total volumes of trading. But if ever there is a crash it will not go below sub $1000. Because the Japan impact is not fake unlike when Chinese keeps pumping the volume of trading that the Chinese government stepped up to stop their fraudulent practice.

This is the thing.... We have seen a lot of this before..... a stage where the price average out for a while and then a sudden break out and a bubble

that burst and then the price spiralling down to a level higher than the price where it averaged before. This normally happens within a few days..

but this spike has been going on for a week or more now... so this might just be something else. Let's hope this is the start of mainstream

adoption now.  ;)

Many people think crashes are default functions of markets, whatever happens is because of action and reaction, in order for Bitcoin's price to decrease some of the big holders need to dump their precious Bitcoins pushing the buy wall down to a point of either them having no more coins to dump or if they do then they don't want to dump to those prices.

But even if they do dump someone else is buying them but rather cheaper it's not like we'll have more than 21m Bitcoins or people will stop using it to transfer value abroad.

Regardless of the price when I am trying to buy an item worth $2000 it wont matter for me if I try to pay with Bitcoin that way I'll have to pay $2000 to buy the equivalent in BTC and then send it to where ever I was going to, of course it would benefit me if I had bought 10BTC for $2000 2 years ago.
That is why many say and suggest to hold because when year after year the price increases so does our buying power.
Right now I'm more concerned about the delays of network in processing even the high or enough fees transactions.

There are big differences between correction and crash. A ~$500 must be a crash and I am not finding there would be any possibilities for that to happen. But I too agree there would be a chances for corrections and it may last for previous ATH levels i.e. up to $1350 levels.

Yes, Crash could happen anytime. But we are at the beginning of the crypto journey. Have you tried to read the latest news about bitcoin? My thought if Japan still holds a lot of upcoming bullish news for us.
Not for this time, More people don't want to throw his bitcoin to the market just to make another dip. We are all on the FOMO stage of bitcoin. And remember it.

The price drop from yesterday and today almost $100 usd drop and i think like other said big holders are selling just to make profit of their investment.
I can't seen any news that can push down back the price of bitcoin since daily i seen the price is increasing..
and the fee for transaction too are keep increase base in my experience fast few days..

So for those who are holding a good amount of bitcoin and they are already made profit better to sell it before the price crash down.

I dont see there will be any crash coming, the price dropping from yesterday is still normal because it is already keep on increasing in this few days, increasing in such a rapid speed will caused the price to bounced back, but it will increase again in a few days

It's just a normal process of bitcoin economy, if there will be a pump there would be a dump too. I don't think it's the right word to say that a crash is coming, it's just an opposite power of pumping quickly and right now I'm seeing the price is falling down a little by little and it's fast.

Maybe i think the reason why the price was crashing and more crashing will happen soon because of the network are jumping too high.
As i can seen the fluctuate for the fees was increasing too fast.. look at the chart here .
https://blockchain.info/charts/transaction-fees-usd

So i think its not a good idea that the price of bitcoin will keep increase because the fee for transaction are keep increasing.. it will be worst if the fee will increase more so people will go to other crypto if the transaction fee will be increase that is why i think other holders are converting to other altcoin instead just will not be affect for miners fee..

Other market metrics to watch are
1) Hashrate
2) Adoption, indirectly guessable by number of transactions on the blockchain.
Or by trollbox chatlogs, activity / number of unique users
Some sites offer numbers about their registered users, but how do I know about site operator's honesty, or kind of Sybil effects.

but we cannot consider it as a crash, every one know that after a pump the market take some correction but it is not going to crash just like in previous  time when the price of bitcoin will fell down for 500 USD and 600 USD, but now the price of bitcoin is not going to fell down so much because the price get a good support at as people are not ready to sell their bitcoin and going to hold them for long long time. 

Yes that's why the terminology for me is wrong, it's not really a crash. And right now the price is increasing again so we really didn't felt that falling of bitcoins price yesterday. And instead of saying that there is a crash that is coming, it's better to say that there will be a big pump to come.

Yes, I thought that yesterday's fall will be stronger. But everything turned out to be much better than I expected. Perhaps there will still be a fall when the Commission makes its decision

I think so, this is a wonderful time in cryptocurrency world which bitcoin and other coins increase at the same time which never seen before. This condition means investors believe in every coin not only focus on bitcoin as it has some disadvantages which covered by another coin, so that would be great to diversify investment into some potential coins.
But, when it drop, I think after ETF rejected may cause panic sell again and bitcoin price could fall to around $1100- $1200 , hopefully not less than that.

I wouldn't do this if i were you. Many might be harmed or panic just by reading this even if it came from a newbie.
There will always be a crash same with other commodities out there. It will not be Christmas all the time.
But it can be prevented if no one makes some news that dont even have facts to back it out.
Everything will just be mere speculations.

Every single word you say is like a giant steel block of FUD, and no amount of times being proven wrong will stop you.  Every single post in your recent history has claimed that there will be a huge crash soon and every time you've been wrong.  When will you give up and just let Bitcoin grow?

Yup the bitcoin connection is so slow from past month. I requested a payout of 20$ and it was even sent but coinbase rejected that payment for some reason and it is pending for 2 days. While when i sent a higher amount it was instantly sent. Using small amounts in bitcoin = impossible

Indubitably, Bitcoin are going to crash, it will crash and rise and crash and rise again. Everything is accelerating. I see more and more people learn about it and use it. The more people use it, the more value it gets. Bitcoin is so far performing like an asset and such had its ups and downs. Obviously none of us can predict the future. Nobody knows. It is just a matter of when.

Payout 20$ from an exchange? That's not even worth the effort to start a withdrawel. They should start to increase the minimum payout to 10k $. Get rid of the poor.

As quoted that might be based on the terms and conditions of the particular exchange website. It could have got limitations in the withdrawal. As said by the mate it might be possible to withdraw more than $20, below which the withdrawal gets denied.

If the price goes up largely because of the potential ETF approval, then there won't be a serious correction until the SEC publicly announce that the status of the ETF will remain rejected -- we're around 10 days away from that moment. Again, assuming the ETF plays an important role, it will either shoot up close to $2000, or it will sink down a few hundred dollars. In case of the latter, the price will surely recover again. Every drop we see is just short term.

The price of bitcoin is having a rally simply because of many reason,ETF approval is the main reason but there are other reasons,mainly there are more investments coming out of Japan after legalizing bitcoin,but expect a correction when there is a rally and that is nothing new in this case.The price could come down  when the SEC rejects ETF but i am not expecting a massive dump.

It was mostly due to the Japanese recognition. Look at the BTC/JPY trade volumes for the last few days. The volumes have been massive. On the other hand, the ETF factor only had a marginal impact.

Initially I thought so too, that new ETF has little impact on Bitcoin's price. That was until I have seen recent news - it's massive.
Barry Silbert's Bitcoin Investment Trust plans to offer up to $1 billion in shares, from initial $500 million!
SEC is currently reviewing BIT ETF, I am really curious what they will say this time.

I can't see any crash can any of you guys see it? all I see is the never ending pump of most of the coins, it's like many rich people entered crypto at the same time and I doubt if this bull run tames as easy as the last few times.

And as the we see the price today it's strong and stable at $1,550+. I believe and always expect that there would be a fall but still it doesn't matter because it can come back again to higher price, we just need to take care of our bitcoins and keep the faith on it. The more btc that you will hold and get into the ride, the more profit.

Yes I think that too, because always if there's a huge pump expect the dump so I can say that maybe if few days or few weeks the price of the bitcoin will be dump so I think it's time to sell bitcoin now and then buy again when the dump is come but for overall I think bitcoin will dump for just a short time and then right after that it will pump again.

"strong and stable today" does not mean it will always stay that way forever. Kwukduk may be wrong this time; however, even a broken clock is correct twice a day.

No more crash just like what happenned last year of january when the price is too deep ,which is 200$!!  2017 will be the opposite of 2016.. from going down in 2016 to going up this 2027.,just what i said no more crash.

the price down was in 2015 and in 12016 the price started to increase and I am sure that this increase will continue in this year and in the coming more years like you said in your comment. That is true that now not any other crash will come as bitcoin now is not only investment for traders but it is now also a currency for merchants.