Bitcoin Forum

So in past bubbles it was:
1. collapse of biggest exchange Mt GoX.
2. "Bans of bitcoin in China"
3. ...

What could happen now to cause price crash? I mean, exchanges are so mature now and there are a lot of them, that failure of one exchange wouldn't cause big price drop.
What do you think can cause price of bitcoin to crash?

World war 3. When north korea nukes america and start a war. Kim jung un is the key to dump bitcoin badly.

Exchanges being hacked are still a great threat... so do not discount that factor. We can also have a situation where the added changes in code,

might contain some major exploit and if this is missed by peer review, it could cause a price crash. We have SegWit and the Lightning Network and

a bunch of new code, so there is a lot of things that might still go wrong. Just look what happened with the BU code and the bugs that were

found.  ::)

If the bitcoin fees got way too high and transactions getting too much stuck and clogged up, along with a world war three scenario, could be things to help Bitcoin prices crash and also if another Altcoin takes it's place.

BIP 148 if it fails and lead to chain split. This probably split the price of bitcoin too. I am not an expert but this is my speculation if ever there will be a split in chain. Hopefully everything goes well and there will be a solution for scaling without having the effects like chain split.

That reason of course may be the third in the list. This war may involve many countries around, like China and Japan who is on the top of places where bitcoin really spreaded and feel free to use.

Sounds pretty extreme and would probably cause everything to crash.(except weapon industry). Are the odds of this actually happening very likely?

Running out of greater fools.  There's still a lot of them around, so no crash imminent.

If all the early adopters, which many are whales, decide to dump coins all at once the price would drop quickly.  e.g. aggregates of coins attempted to be sold every day for a few weeks on end, all sold in 100,000 coin lots minimum.  Whether or not the drop would be temporary is the subject of another thread.

I think opposite, war would be great thing for bitcoin because Bitcoin is store of value like gold, in times of war its perfect solution to store wealth in bitcoin and travel to country without war.

Chain split is the obvious one and it's much, much more fundamental than any previous reason for a crash. All of those were third party problems. A chain split cuts to the heart of the whole thing.

Since exchanges are mature now like you mentioned and there's a lot of them now which already established a good reputation, then it needs at least multiple big exchanges failure at the same time which is currently not possible but chances are there. Another low chance thing to happen that can crash the bitcoin price is majority of the whales dump their coins including those big names with big possession of this currency. And another thing is there is only 1% of the whole population that uses bitcoin.

All possible causes that I mentioned is really low chance to happened. It means that bitcoin will never be crashed again in term of it's USD value.

I agree. A war would create a bank run in most countries and people would look for a safer way to store money, far from the local economies. That's why people don't buy stuff when a conflict is imminent. Nobody thinks of buying land or a new car, but about stacking up supplies and keeping money close.

If somebody hacked a number of exchanges in a short period of time i'm sure the market would crash.

Global abandonment of Bitcoin can cause it to due off one time. By far that's all I can see could spell doom for Bitcoin but it is also equally going to be difficult for the entire world to abandon the usage of Bitcoin.

I think the panic, I can remember the Bitcoin Unlimited where many bitcoin users start to sell and started using another altcoin. They thought that bitcoin will die but after that, the price regain and goes back to normal. Now the topic is not Bitcoin Unlimited, but the network splitting stuff. It might not be that scary, but many users are having second thoughts about investing in bitcoin because of these.

A failure of an exchange would have a significant negative impact because it would harm everyone's trust in all of the other exchanges. Many people would think that they have profited a lot off of bitcoin, but they are now realizing that holding it is kind of risky. Unlike money in a bank, bitcoin is not insured by the FDIC so if you lose money, it's lost. Fear would cause people to sell... especially since right now, the vast majority of bitcoin investors have profited.

Any negative news could cause a crash in the right circumstances. As bitcoin rises faster, the severity of negative news required to cause a crash lowers. If bitcoin spikes too high then any small amount of bad news can trigger a snowball selling effect.

There are some funny suggestion but the real possibility is still a big exchange hack and you could see the price crashing and not only bitcoin will get affected by it but the entire alt coin will get hit bad if that is the case.The Chinese do not have any affect on bitcoin for quite some time so that is out of the question.

LOL. I do not think that the ban of Bitcoin in China caused a lot troubles to us. As what I witnessed, the hard fork rumor aka bitcoin unlimited made the prices worst than ever. Well, do not follow the news because you can not know whether it is fake or not. Believe in yourself and make a right decision

Well, usually things fail because of their owners or producers.

Just like cars crash because of low maintenance and monkeys behind the wheel or phones explode because a moron in development didn't test the battery properly or used "chinese" components bitcoin main danger is the team behind it.

I doubt an outside event might trigger a huge crash.
Usually its the sheep that panic because of China or because the devs are fighting.

I have no emotion over Aug 1 but I could really enjoy not knowing about the war behind the scene.

Almost impossible to crash a lot in price in the market but i guess when that happened it will now be dump so much in the market because it is really still the best in the market and number one cryptocurrency in the market so probably aroung 1000$ in the price drop so not so bad if it drop.

I don't worry about N.Korea or other WW3 scenarios because if things really get that bad then our BTC holdings will be the least of our worries.

I would be more worried about Govts. (especially bankrupt Western govts.) running scare-stories about BTC. Linking BTC to drugs etc. hasn't done too much damage so far but I think linking it to terrorism could have more of an impact.

Most people are very poorly-informed and wouldn't have the capacity to realise that ISIS are already using all types of fiat without people boycotting those currencies.

But the petro-dollar scam will fall apart one day in the near future and at that point I would hope that will push more people into BTC to save what little purchasing power they still have.

In that times only the traders were there having their money in bitcoin but now the merchants are here and they are having their permanent businesses in bitcoin so now the price of bitcoin will not crash down and if anything will happen then it will drop a little for a while and will then recover.

Until and unless you know the news is 100% true don't take any wrong decision because it is a big loss for you. There are many people spread the many fake news in the market doesn't care for that. Just put one eye on bitcoin and do your work if it crash means it will never fall to hell in a single day right you will get a chance to take some action in that movement. So let's wait for some time will see what happen.   

i am sure that merchants will also invest their money in bitcoin, but i am sure that it will take a lot of time. because still we are expecting a lot of increase in the price of bitcoin. because the demand of bitcoin is increasing from time to time. which is also causing the price to increase more and more.

If there's no demand for bitcoin or internet is being shut down because of major disaster may affect on bitcoin value exponentially if the accident happen for long period of time.
But still bitcoin is unique currency/investation, there will be unique way to crash but not for now  ;D

You don't realize how the Internet works. It can't be shut down globally, even with an event like an EMP from the sun. Only some part of the planet can be exposed to events from space, like a meteorite storm or EMP, so it's possible to disconnect a country, even a continent, but impossible to disconnect the whole planet.
Maybe a comet hit could do it, but that would probably disrupt Earth's orbit and kill us all.

Yes, mainstream media has a nack for scare tactics and making most people believe something is bad or "evil". One of the ways we are controlled by government is through monetary policies. Bitcoin would eliminate that and the media could easily make it seem like something to be feared.However, you can't just shut down the internet.
The tides are changing rapidly as more people are becoming hip to the scene and I think we'll see some government action in the not so distant future.

A serious price correction after the Japan craze dies down as a result of profit taking. This is indeed a bubble, if the price goes really South, like China, Japan may issue financial guidance to its citizens, or enact regulations. That will solidify the bear market for a while, we would see a serious regression, then new highs.

If a collapse occurs for a big exchange like poloniex as it occured early in Mt.Gox,then definitely bitcoin price would crash.But we could hope that such incidents would not happen another time.

There are several reasons that could make the price of bitcoin crashes and among such reasons will include in my opinion,

1. If someone so knowledgeable identifies a bug in bitcoin and all the things we have come to believe about bitcoin was proven beyond reasonable doubt to be a myth of a false believe then I see the price coming crashing.

2. Another reason is if a all the banks decide not to aid bitcoin, then it makes it worthless since it will no longer be able to convert to fiat and vice versa. New entrants will find it difficult to lay their hands on one while those owning cannot convert to fiat considering the fact that a not all major stores accept bitcoin.

Im positive it will be this. Nothing like the old chain split to immensely make the price bubble pop. ;)

I think BTC will recover but its risking itself from holding on to being no.1. Ironically another split chain, ETH, might be the one replacing it at the pinnacle of crypto.

Yeah the exchange issues are almost resolved and a single exchange cannot be that much effective on the price of the bitcoin to crash, also I don’t think that the ban in china can cause a huge effect to the price of the bitcoin to crash. Thought China is a strong emerging economy but still the Bitcoin is being used in many other countries of the world as well.
I think an international Ban from the developed countries if pass a resolution against the use of the Bitcoin will crash it; otherwise nothing like such is going to happen.

yes that is right and i do not that there can be such a big disaster which can bring internet down. and such situation every happen then it will not only effect internet but will certainly bring so much other big changes in the surface of the word. in such condition even USD will become useless, but it is a fact that bitcoin is unique and hopefully that it will survive in any condition.

Yeah I agree that people will go for the stable assets to save their money but before I guess people will try their level best to buy tangible assets because I am not sure in a war situation we can think of the internet will work properly. I think in a world war situation people will run for their lives to be saved and will prefer the hard solid assets which they could carry with them of where they can bury it at a safe place.

1. The coming of the Judgement Day, the Apocalypse?

2. If the issues within bitcoin was not resolved, the continuous increase in transaction fees, the long waiting time for transaction confirmation. If these continues, Bitcoin will be the one who will destroy itself. Some might get sick of bitcoin and just get out of the board. So the demand will decrease and the price will crash.

Yeah because the internet is the main communication medium for most of the institutions, individuals and forums. The use of the internet is too much now a days that one cannot consider to live a proper life without the use of the internet. Almost all the banks are linked and their systems works on the internet. You cannot deposit or withdraw money in a bank account until it is connected with the internet. This will really be great damage for the people living on the earth.

In the near future there is no solid reason is found for a crash of the bitcoin network. Everytime the crashing in price happens in a short in an unexpected time period. Likewise from the starting it has crossed several such crashes. So the users doesn't need to be panic, because it will never let the users down. It'll​ be coming back to the growth rally soon.

I'd guess a chain split could cause a dramatic price drop. And if these two chains should continue existing side by side, Bitcoin's main feature, working as a store of value, will be mostly destroyed. So this is something which could harm Bitcoin on long term.
However imo a forced split by miners in august is very likely. Mostly empty words. This all is kind of a power grab and who has more control over the further development long term. Miners need to know where their limits are!!

Yes, as we can see with the increase in the price of the bitcoin the movement of the Bitcoin became too slow as everyone is trying to hold it and earn a huge profit from it as much as they can, but it is a serious threat to the bitcoin to stay on top regarding the number one currency favourite for payments or money sending transactions.

But I am seeing great promise towards japan even if it end up getting the same faith as china, I have a great faith towards that country, because of the innovative things invented, and progress by that country, but yes we can really not see the future that awaits but I really doubt it can happen to japan anytime soon, and because right now we are seeing great movement towards bitcoin there are a lot market support right now, but regarding the price drop I may have think of the dumping of random fellow, of a big group selling their bitcoin will be the most significant cause of a sudden drop.

At first, fear which comes in mind is of course the hard fork and consequent split of chain. But there are other factors too, though can happen very rare. If all countries come together and ban all cryptocoins, then it will no more have any value. Differ with others about the price falling in case of war. My opinion is, it will increase during war as bitcoin will be easier to save than flat money in case of chaos.

But I don’t understand the point that how is it a bubble ? According to me I think it is the real strength that has been created by the demand from the people for the adoption of the Bitcoin.
I guess the regression can only be a doubt because the price still is persistently increasing and tends to increase in future.

Can this crash be next ladder for big uptrend? Guys, what is your opinion in this matter?

IMO, its not a crash, its just the correction of current up-trend going for weeks.

Bitcoin's value now should stay stable for a while, within a range of $2250 to $2750.