Bitcoin Forum

I suspect the following will happen soon.

I suspect the price of Bitcoin is rising because of speculators. I suspect speculators are driving the price very high, very fast, making it much more difficult for the traditional Bitcoin user to purchase.

Once the price reaches a certain amount, these speculators, who don't care at all about cryptocurrency, will sell their coins. These coins will flood the market. People will panic, fearing a collapse. Everyone sells, except die hard bitcoiners. The price plummets to under a $100.00. These speculators, who just made a lot of money, will rebuy the coins for cheap.

And the cycle repeats itself over and over and over again.

This is the inherent flaw in bitcoin.

Who here agrees or disagrees and why?

wow, such insight! This has never been covered before... especially not in the speculation subforum  ;D

hahaha yes wrong forum.

Not an inherent flaw in Bitcoin, but an inherent flaw in small markets. Easy to manipulate. Once (if) Bitcoin reaches a higher market cap, say $100billion, it will be much harder for one or a small group of actors to effect the price.

Well, everything has been said already, but not yet by everybody. ;D

Your right, without fear, these whales would not profit from their selloffs

If you can't beat them.... join them!

i Hope you are right....i buy more of them then :D

This cycle is repeating itself in an overlapping way more and more frequently, this will become less apparent as more people get into Bitcoin and it very very slowly stabilizes.

Remember, not everybody wants to sell at the same time because not everybody is thinking the same thing neither does everybody have the same objectives that come into alignment at the same time.

There will always be people wanting to cash in and there will always be people wanting to pick up cheap(er) coins. All at different times. This will slow down the volatility.

Hello Steveia.

Welcome to the speculation sub forum.


 :)

It is called "Shaking of weak hands ." :-) or "Cheap coins".

Looking at mtgoxlive you can see that a Marketorder of 15000 BTC will lower the price approx $100.
Since accounts up to 150000 BTC exist yes a panic could still be achieved. But bitcoin would still rebound.
I believe that bitcoin is getting stronger by the day and don't fear collapse.

Steveia, you've violated the first rule of the speculators sub-forum. Thou shall not ever question the strength of the bitcoin market. Bitcoin is going to $40,000 a coin because the Winklevoss twins told us so.

Bitcoin is new and... this time it's different.  ;)

Sure it may temporarily fall, but as more people discover Bitcoin it will recover and get even higher.

collapse in price =/= collapse of Bitcoin.

If you feel the price is excessively high ... don't buy or sell off a portion (sell into rally)
If you feel the price is excessively low ... don't sell or buy to increase your stake (buy on the dips).

Exactly, btc is a massively growing market of buyers. More buyers = high price. Although these people are new to the market and so are like sheep in the headlights and get easily scared and sell at the slightest sign of the price going down. But the price will always recover and go even higher. Like I said before, the market of buyers is growing exponentially.

We just saw that in the "Will you sell at $1000?" that 88% would not.  So presumably, if the price even went to $200, LOTS of "Buy and Hold" people would buy like crazy.  (I know I would.)

A big selloff doesn't change the fundamentals of bitcoin.
It'll go back up, and probably quite rapidly as people seize the opportunity to get cheap coins.

I'll be in at $250 ;)

why not just sell, it's a sellers market atm

You know...if your living in "fear" of what will happen....you are too emotionally attached to the amount you have invested.

I would say you should sell 99% of whatever bitcoin you have...down to a low enough level where you don't give a shit about it anymore...that's how much you personally should be invested in something like this.

I'm so sick of reading newbie crap posts like this....if you are afraid you shouldn't be investing the kind of money you probably invested.



 

It is only natural after a meteoric rise like the one we are seeing in the last few weeks. Nonetheless i think that there is an agenda behind those threads. But it is futile anyway...

'This is the inherent flaw in bitcoin.'

This is the inherent flaw in any asset ever.  MM guys will always manipulate in attempts to pump and dump.

and now we have a interest flaw

new threads here are decreasing, media coverage ist decreasing, chinese not buying like hell anymore

nobody knows what happens now. could go sideways, could drop slowly but steadily, could rise slowly but steadily

people don't sell on greed, they sell on panic

the question should rather have been

"Will you sell at $200"

So this is just another "Blame the 'speculators' on everything" thread?

Wah, wah, wah.

Go find another market to FUD.

If deflation, hoarders, and speculators make you shit your pants I suggest reading some of Fekete's essays, a good bedtime story, he will put your mind at ease.

Cool, fear. As the Oracle said: "Be greedy when others are fearful." It's only when the last bear gives up that the crash really hits.

yeah, all the newbs who cashed out at 300 would be generating such threads with each new climb up because they really *FEAR*, but they do fear that it will keep climbing up with them left behind. unfortunately for them, as you said, market would only crash once they see those threads are not working, panic, and buy back in :)

That's exactly what I'm counting on.

FTFY

The bears don't go away, they just bite their tongues and bide their time.  When it is silent they are all preparing their attacks.

The real threat to Bitcoin, which can cause a total collapse, is regulation. The US Gov wants to control you, and the best way to do this is to control your access to and use of money. If they cant tax you and monitor how and where you spend your money, they lose their total power over you.

Sadly, there is a big push right now to regulate Bitcoin and I do believe that it might be the beginning of the end:

https://bitcointalk.org/index.php?topic=333824.0

Well sell now @ 450 is a pretty good price, instead of having to panic sell at 300  :D.

I welcome a crash, sort of. I want some cheap coins :P

https://www.gldtalk.org/devteam/bubble.png

It's hard to tell from the photo, but I think this thing is about to pop!  8)