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Title: Are similar crashes less likely now? Post by: Galahad on June 13, 2013, 10:24:42 AM I was just wondering if the major crash could happen again and as severely? Know doubt Bitcoin exchanges have improved security measures since it all happened.
I also have some follow up questions: 1) As more people buy Bitcoin is it likely to stabilize more and be less open to manipulation by central banks (or whoever caused it)? Surely with more money in many more hands this reduces the likelihood of everyone selling at once or of everyone buying Bitcoin purely to play the market. 2) Didn't Nakamoto hypothesize the problem of market manipulation and take steps to avoid it? Title: Re: Are similar crashes less likely now? Post by: saveawedge on June 13, 2013, 10:27:32 AM I think we could be looking at 3-5 years where the the market is pretty unstable and manipulators rule the way - this means we would still be susceptible to crashes... Hopefully the manipulators will have less and less effect as time goes on.
Title: Re: Are similar crashes less likely now? Post by: royston on June 13, 2013, 12:11:43 PM the market is still not matured enough to avoid big swings (either way)!
Title: Re: Are similar crashes less likely now? Post by: Galahad on June 13, 2013, 12:13:43 PM the market is still not matured enough to avoid big swings (either way)! But AS big? Is what I'm asking. Obviously it's not completely mature yet. Title: Re: Are similar crashes less likely now? Post by: GeObsCrypt on June 13, 2013, 01:55:49 PM The market will be volatile until BTC has high volume options/futures trading. It's important to remember that fiat ForEx traders account for >98% of foreign currency trades on exchanges. A very small fraction is actually exchange of fiat currencies for commerce. So, until BTC has a proper volume of options/futures trading, we are looking at a volatile road ahead. Best set yourself up for long-term holding or get out altogether--unless you're a zeitgeist scripter, then you're gonna lose your ass day trading BTC.
best, happy BTC-ing Title: Re: Are similar crashes less likely now? Post by: iram9013 on June 13, 2013, 02:42:25 PM The cause of crashes now are caused by asic miners dumping btc.
Title: Re: Are similar crashes less likely now? Post by: medinscot on June 13, 2013, 02:56:37 PM The cause of crashes now are caused by asic miners dumping btc. I would like to have more info on your claim, please?Title: Re: Are similar crashes less likely now? Post by: kodo on June 13, 2013, 02:57:10 PM Market still in infant stages, of course it could happen again
Title: Re: Are similar crashes less likely now? Post by: RodeoX on June 13, 2013, 02:59:46 PM Market still in infant stages, of course it could happen again +1 Just what everyone is saying. It could even be a permanent feature of bitcoin. More exchanges and other ways of trading may make it less so, but maybe not. Even the NYSE with all it's regulation can crash big, as we now know. Title: Re: Are similar crashes less likely now? Post by: Aegis on June 13, 2013, 08:15:49 PM Market still in infant stages, of course it could happen again Agreed, because the bitcoin market capitalization of about 1.2 billion dollars is small for a currency, there is going to be a lot of volatility. |