Bitcoin Forum

Hello


i thought about the time in the past where the bitcoin was breaking the 1k ( increasing the chart from nov-dec ) and crashed back to aprox 250$


do you think its the same right now?

its end of the year, maybe the hype about bitcoin is gone, new year is coming everything starts back from the beginning

Look at the good part, this is a good moment to buy, because it didn't end in 2013, it was only the beginning. I doubt there will be such a crash though as Bitcoin is too popular right now.

From a charting perspective..

Broke the CHART money trendline
Did try get back to trendline once but was rejected
true support level is 12,921.98
broke support and bounce rallied off 12874 low (broke support level in doing so)
Next down support level 10,334 at 61.8% THE Fibonacci retracement level
Next resistance level is 14,153

10,334 is the strong buy level
Up to 12,991 hold
Above 14,153 hold/sell

 

In any capacity we cannot call it a crash, because bitcoin has taken a dip a little bit because of the Christmas, and it does make a sense because a week ago the price of the bitcoin was around 15k USD and after more demand in the market it raised to around 19k USD and now people are exchanging the bitcoin with the fiat currency to do some expenditures on the Christmas, so I think we cannot call it a crash.

No, because this time crypto went more mainstream than before, everyone is talking about blockchain even though only the few understand it, we have Bitcoin futures on big mainstream platforms -CME and CBOE, Bitcoin is getting a lot of esposure on mainstream media, the technology itself have been tested by more years than before, and there are lots of cool additions to Bitcoin in development. It may crash a bit more, maybe there will be big dips caused by FUD and atacks, but I really doubt we will see a long bear market anytime soon.

bitcoin have equilibrium markets prices at 10k $ ~ 13,5k $ from now , I'm still worried if this crashes up to 2.5k $ , but how world business organization take policy sale bitcoin assets ? , if anyone or organization dares to sell btc and make crash , intelligent agency about the finances will intervene, this organization will be said to laundery money in the public demand.

Yes the current market technical wise conditions are same as that of during 2013 where the correction was made deeper from $1000 to $250. Here it has gone deeper from 20k to almost 11k and now it has formed bullish rejection spike candle showing the signs of demand and i am expecting to continue the trend from the beginning. There is a saying in trading that "history repeats itself" which can be clearly seen here.

This is just denial, look at the liquidity flowing into the market.

No. I can not see anything similar.
In 2013 the crash happened because of the massive theft from MtGox which was then the main bitcoin exchange.
That theft ate belief in the whole bitcoin ecosystem.

I have not heard of any similar theft or crisis now.

I agree, the candle is obvios and it looks like that time in 2013, but the price is completely different...if then there were thoughts that bitcoin would not survive, now there is a clear certainty that the fall is temporary

No, not the same scenario because there are more exchanges now, and every bitcoin dip this year was temporary because many people wait for those dips to buy more. Bitcoin has a strong support right now, at least from investors.

there is high chance we will see such crash. Only question is when and what will be top. Was it few days ago close to 20k or will go way over it. Such things matter a lot and no one really knows it.  But thee is tiny chance that Bitcoin price will raise way over this eon now without any real crashes.

In the end of 2013 there was a double top. We'd have to go back to 20K first. bullish

This is not same scenario, this scenario now is when price were 19k dollars and now dropped to 14k dollars, and just a year ago price was under 1k. People are panicking too fast like you know, and almost always panic comes from newbies and j. members. Listen higher ranked members and people who are here for a long time now, buy at sips like this one is if you have money, if not hold bitcoins you have and you will see rise again.
Even if this is scenario from 2013, who bought at that dip is how millionaire, look at that in that way.

I highly highly doubt we can even compare this to 2013, because conditions are so different.

But there is a catch: if this was 2013, then 4 years from now, the price of Bitcoin should reach around 200k+ USD each!

Most of the recent price gain was too FOMO driven, so we can absolutely go back to $6000 but I don't see us overshooting that. There's a lot of dry powder that will buy that level. In a few year, that would seem like a bargain as it happens times and again in Bitcoin World.

FOMO driven or not, who buying at like 15k would sell at 10k? And in turn drive the price down to 6k?

Many FOMOs understand very well that they should hold and not panic like those we are seeing right now.

it was fast and back rising in short time people trust bitcoin more than old.

it is not like 2013 when bitcoin was unknown

As of yet I don't think that it's the same at all, the last time there was a major collapse of an exchange and funds disappearing and then a crack down by China on bitcoin. This time it seems to just be a bit of confidence evaporating in the market, it's more synonymous with a correction than a crash.

The price bitcoin tried to break through was 20,000$. Considering the math you have rolled out here, the price went down by 75% in the crash of 2013. So if the price goes down now by 75% the price can go all the way to 5000$ perBTC. That's too much but it's possible, for people are claiming this to be the worst crash in history of bubbles.

That's still $5000 for a  coin that failed as a payment system. According to Morgan Stanley the value is 0: http://www.businessinsider.com/morgan-stanley-on-bitcoin-value-2017-12

Sounds like you are BCH shill and a sock puppet account.

LOL BCH, no if BTC goes down, BCH goes too. I'm short BTC, going to ride it all the way down to  < $1000. After that I might buy into some coin that actually could have a future, like Litecoin or Ripple. BCH is a failure too, just because it has a bit bigger block size doesn't make it perfect, it's still only slightly faster than BTC.

Although the price has fallen quite sharply but I don't see this like a crash. bitcoin price increases this year completely due to the need to use the bitcoin of people increasingly. We have too many good news came with bitcoin this year and there is no reason for it to collapse. after Christmas, when investors come back definitely Bitcoin price will rise again

Bitcoin hasn't crashed yet, we have only seen a dip during the last few days. I dont know if this thread has only been created to create panic in here, or just to contribute.
But it is full of fud, i am tired of it.

I do not think I will repeat what happened in 2013, this is because the number of users is different, currently bitcoin users have reached more than 10x than in 2013 so the need for bitcoin is greater than 2013.

Just one more time what we saw before.. another thread saying that the bubble will explode or that this is the same scenario as before.
Shut up people, the price would not crash, maybe if it drops it will only be a correction

Yeah don’t compare present scenario with that one because on that time bitcoin was not that much popular but now millions of bitcoin user are present in world and this fall is not like that because people sold bitcoin nowadays because they want to make money and now the best thing is investors are in support to bitcoin and people waits for these falls to buy as much as they can and these are good changes.

I agree with this, the price has crashed hard during the last few days, it can be easily considered as a crash because it went from 20k to less than 11k in just two days.

But now the price is recovering pretty fast! Just look at the charts, it went up by more than $2000 in just 12 hours.

that is more than what we saw before, this is just the beggining, of course.

It is up again.

This prediction is wrong. We need now think for how long it will be up before a major correction. And when I ask for a correction I mean lower price them tho one that have been the lower 2 months ago. Bitcoin has only crashed for the lower price in one week, But have not been hit the lower price for months. That is really something unique.

it is incredible to see that a lot of people are thinking about a new crash.. It was not even closer to be a crash.
The price only touched a new dip, nothing more than that. I can not understand why you all are so worried abou it.