Bitcoin Forum

What say you?

I don't think there will be any crash in the near future. My argument is based on the recent announcements by the chinese and indian governments and even then BTC is slowly climbing to all time high.

I think we'll see a crash, just not in the 1st quarter. Once the price works it way up to $2000.00 per Bitcoin, I could see a crash back down to $1200.00 or so. Seems like that has been the trend for the past year. Hit a ceiling, crash then slowly break through.

We might crash to higher than the last ATH. Better have that fiat ready for when that happens.

We have had a few crashes ad quite big ones. Price has been sustained for a few weeks and now slowly climbing.
A new crash has a small chance unless some whale wants out at $1000.

C'mon, this is still manic depressive China + BTC we are talking about. There will be another nice crash, probably in the next couple weeks. To say the next crash will be from $2k to $1200 is as ridiculous as saying it will crash to $10 this year.

My speculation goes that we will see a big crash in 1-2weeks, but people will have February and most of March to buy cheap.

this is a little hilarious because the more people who think that we will, the less likely it is to occur, as well as vice versa! the market moves to minimize your profits! :P

--arepo

edit: thus, based on the poll results thus far as a contrarian indicator, we will most definitely see one.

prices are not going to crash, status quo has been reached, the only thing that will happen, will see the price to increase. Tighter fiscal environments are ahead. There are few reasons for that. there are  big guys who are heavily invested and they will not budge, instead they will whale out any fall in price. Thats what happened after the China fiasco. People just hodl at that time, the largest of the wallets didn't even showed any signs of movement. It will go up. Once exchanges become norm and coins can easily be exchanged the price will go up. Deflation thats it. The only factor that can cause a dip, would be a strong drive for AML by the powers to be, coz bitcoin value is still tied to fiats. How long govts will tolerate a strong digital currency, no one knows, till then, to the moon.

Crash from $7k back to $2.5k-$3k yeah.

Crash upwards to at least several times magnitude of previous ATH ($1,240) in first quarter 2014.

next big crash will be from ATH $9000 to $3000 this April'2014, and then another slow crawl, then boom another rocket ride to another ATH $$40000, followed by another big crash to $10,000 in December 2014.

none more prescient words have been spoken.

Yeah.

We have two waves of crashes on seperate China news incidents, but despite this 31st January deadline, the Chinese are still very much in the Bitcoin game and CNY-BTC trades still account for more than half of total Bitcoin exchange volume.

As much as I would like to view the nice steady rise in recent days as sign that it will be all consolidating growth from here until the next parabolic phase, since I have real money involved here that I done real work to acquire, I will have no confidence in Bitcoin until after the China deadline and any consequential fallout that may occur.

I continue to trade Bitcoin, but with bated breath and my finger never far from the SELL button, in anticipation of a 3rd and perhaps final Chinese sell-off wave.

+1. Yes.

I voted: 1 - 19% chance
Expectations for 2014 are really high, if we see a crash it will be later this year, maybe q2, unless a bubble is just around the corner, you never know!

I think in the not too distant future we'll touch 400-500 again. I feel the price increases since the China crash are almost entirely down to the whales on Gox. Since it makes no sense (certainly not for a whale who knows the game) to deposit large sums into an exchange that not only has the highest BTC price but also is just about impossible to get money out of, it must be for the purpose of manipulation. I feel BTC is still in a pumped state, essentially. The bulls will disagree but I just don't see how this can keep up, even if Gox itself doesn't fall over sooner or later. The elephant in the room is the fact that Gox has become a black hole, no longer keeping up their side of the deal. Not sure why this rather huge issue is ignored by the masses. Gox has become a liquidity trapped time bomb really, with BFL-esque customer service.

Opinions diverge. I believe we are more likely to see consistent growth and this is in part DUE TO inefficient exchanges. I've had my own experience with exchanges, I've read others' experiences and I've seen the exchanges posting notices apologising for delays etc. I believe they are still clearing and processing new accounts and backlogs while taking on the burden of additional KYC responsibilities, all the while with more interest growing daily.

Do you think they were working all holidays and not partying like everyone else (probably more than everyone else  :D ) ? We have not had one full week of business yet this year, and they have catching up to do, which to be fair they are trying to do in my opinion, but with the viral explosion of interest keeping up is going to be nigh on impossible. The upward pressure will be there for a while now.

NO

2 major crashes have been Silk Road and China.
And how recovered BTC ?
Just great.
I cannot see any things/troubles like this are going to happen in Q1 of 2014.

+1

I believe we will see some effects of funds soon (and maybe already). Some are known, but there is no reason to believe we know all.

There is however the possibility of a market crash on normal stock exchanges and I don't really know how that will affect bitcoin.

 

I think a rocket-powered "choo choo" could result from the stocks scenario!  :D

Let me get this right... OP wants other people to loose part of their wealth because and then have bitcoin rise again just because he doesn't have balls to buy at current price?

Wouldn't OP be better off if he would just buy in now and want only the price to rise?

We will probably see a crash in q1 or q2, but i think we will rise to new ath's first.
drop wont go very low though, way to much adoption happening according to the news atm. But ofcourse everything can change.

Chances of me having a 3some with Emma Watson and Natalie Portman? Zero

Hope that answers your question

When you are flexible with the definition of the word "crash" then I would say 100% :)

Wtf business is it to you what the op wants?

Clearly you are not up to date on the extent of the issues at Gox. Withdrawing fiat has been nearly impossible for most people since before summer. You can transfer in BTC but you can't get it out until you get verified and that process appears to be deliberately VERY slow and difficult. I registered at Gox in April during the last boom when they were also overrun with new signups and verification was painless with support tickets being answered within 24h. Now support does not reply to tickets anymore (indefinitely) if they don't like what you are asking (like withdrawals or the verification process)

Does it really make sense to you that newcomers would transfer mountains of fresh currency to the exchange that has prices way above any other? If they would, at least Gox would be able to pay out withdrawals. Evidently that is not the case, either that or Gox is outright scamming. Yet this exchange where it makes no sense to start your BTC investing is the one leading the charge upwards. If you think that's normal, well I feel confident my differing opinion will be validated at some point in the future.

Other big exchanges are doing all right. Stamp is excellent, BTC-e pretty good even if their support is lacking. But prices for whatever reason (habit, perhaps) still follow Gox which is a hole you can't get out of. Any other site would have been considered a scam by now if they did what Gox have been doing for months.

All Bitcoin! All crash! All the time!

In other words yes. 



PS it's not a crash until it hits 50% of the previous ATH.

I guess no big crashes in 1st quarter of 2014, only corrections  :)

Could you explain the January 31st deadline a bit more? I've heard the date floating around a couple times but haven't been able to find much coverage on it :/ Thanks!