Bitcoin Forum

Bitcoin's rapid price development from 2020 to 2021 makes people feel a little crazy. From 6000 US dollars to the current 54000 US dollars, huge profits and capitalists attracted us. Overthrow the dollar hegemony? World currency? Block chain? Decentralized? , There is no substantive thing as a guarantee for this. To be honest, I also have investment, but only for profit.

Look at the historic price charts with a logarithmic scale. Linear tells us next to nothing about a thing that has exponential growth, it just makes the latest upwards move seem like an outrageously improbable and unsustainable event, and smears previous price history to a flat line... but this is not the case. A logarithmic view demonstrates a clear and steady upwards trend over the years.

Then what are you complaining about? is it that you want it to crash or you are looking for who will confirm that to you! even if the price will dip which is normal then be rest assured that it will come back with full force because it always does.

Actually there's possibilities since bitcoin still based on demand and remember if there's no demand of it then all started to sell the price will provably collapsed, but there's nothing to afraid right now since bitcoin growth is so good right now since we have great days due to adoption recently and after those big institution joins crypto I assume that there are other more will follow them since many are now watching the performance of bitcoin these days.

crash can only mean reduction in price which is  a normal thing to happen. you might mean maybe it will vanish or go to zero but this is not possible as far as bitcoin is concerned. everyone is here majorly for profits after which adoption and utilization will follow. its either you are for long term or short term, profit taking is always advisable.

it is 58,000$ and not 54k you must dig deeper before creating FUD in this forum .
All mentioned are indeed and profiting is normal in volatile market and that is why Bitcoin or cryptocurrency in general are attracting more and more investors.
Aside from profit , what would be the other option to have ? for future use? for trusting the cryptos?the block chain?

but what amaze me every time? is a Newly created account but comes here to Post this very knowledgeable thread , Why not use your main account instead of posting in newbie.

People also feel crazy during the 2017's bull run. The current rise maybe attributed to a lot of factors, including institutional money.


Of course, there is no guarantee, as I have said, after 2017's bull run, the market crashes, went into a long bearish trend. But I don't think that bitcoin will overthrow fiat though, and it won't become a world currency.

Bitcoin goes through 4 year cycles from bull to bear, we see wild swings in price, face melting bull runs followed by long crypto winters. If you zoom out & look at a chart from when the very first block was mined what you will see is up overall & as an investor with any patience that’s all you need to know.

That means you are only aware of the price of Bitcoin. The more you become aware of Bitcoin itself, the more reason you will be attracted to it. If you are only investing in Bitcoin for the money you will possibly get from it, that means you have not yet understood the technology behind the price.

What do you mean no substantive guarantee? The main exhibit of decentralization in Bitcoin is Bitcoin itself. Have you heard of anybody acting as CEO, owner, president, etc of Bitcoin?

If you meant temporarily crash in price, sure. It has happened in the past and it will happen again and again in the near-mind future. The question is, at what price? No one knows.

Take a quick look at bitcoin's price chart. You'd quickly realize that while price drops always happen, it catches up a lot higher after a while.

https://i.imgur.com/tGQL1qB.png

 Bitcoin can one time/maybe at breaks crash in price but for Bitcoin to crash-out absolutely is going to be to me like an hallucination, and another hallucination is for Fiat to be a past because of crypto-currency,I think there would always be here now and in the future, but in future I think government would peel out crypto-currency restrictions as the one we have now.

It is true that the price development of Bitcoin along with other Cryptocurrencies are different from the past years and it always has the possibility of crashing every year but it always fail to happen because of the overwhelming support and users that it is catering. I only expect it to have at least an stable value in which people can safely use it for a very long time without its value being volatile but I would really guess that it would take a very long time before we can see that thing happen.

I know almost everyone is certain that we will see a crash. The question is at what price would we see it? After the previous retrace back to sub-$50k just a few weeks ago, we are now sitting comfortable @ $56k with volumes getting wild on exchanges. After such small crashes come some rises on the prices, and it has been happening since bitcoin became tradable.

This market hasn't lost its steam just yet, and we're far from seeing crashes like that of 2018. Everyone and their mothers are highly interested in bitcoins, even banks and huge companies that previously despised bitcoin's idea. They don't want their potential profit-maker to just go *poof* after investing millions on it.

If you're afraid it would crash, then don't do long term holdings because you may be frustrated when it drop so bloody. The rapid development was indeed a historical past which everyone of us didn't expect to happen. Hopefully we'll able to experience bearish market once again to have another opportunity for those who didn't able to grab their sustainable profit.

Speculators will leave the price because some will have borrowed dollars to buy a position they cant own long term.   If that population becomes too great in the price then it can force something of a reset in price but its not usually a crash, I think its more like a vice being turned as the trend is downwards some must leave and others can hold for the longer term so are more native to BTC.
   Any price that rises alot will have air pockets in it that must be shaken out for long term consolidation and greater price action to occur, its not always the negative it might first appear but it certainly will cause negative sentiment at that time.
   Price isnt the most important thing, thats probably the biggest thing to remember it is about a growing population and also imo utility must keep rising even for casual users with little understanding of this tech.   

People does have different sentiment or views towards crypto. neither these do talks about;

-Sole profit
-Supporting adoption
-Go with market trend or what's new

Common things that you can really tell on why people do engage with Bitcoin.About on the talks with crashing prices then its just always been a part of this market.
Manipulative way? we cant tell but for sure it is highly plausible considering on looking into those institutions or big names that do get involved into
this market then you cant really deny the possibility.

Psssst ....We're all here for profit ;)

I don't see bitcoin going anywhere, anytime.
It's every investers wet dream at the moment....

What you meant by crash is like the 2017 crash or a forever crash? lol

I think you meant to say is a 2017 bull market crash, of course, it's inevitable there's always crash in this market but it's just temporary so there's no need to worry that much. You are still lucky if it crash from this price because somewhere down the bottom there's a strong support that keeps it steady to be back at the price of like in early stages where you can buy 1 Bitcoin equal to $1 only.

Of course, everyone is waiting for that to happen but it's almost impossible to happen these days or it might never going to happen anymore due to the halving. Plus, we have all different large institutional investors joining the bandwagon that almost impossible to happen before due to the risk of losing because the media said so.

That's because you are new and also forgot to look at bitcoin's history. Going from $6k to $54k is a small rise (800%) compared to the history of bitcoin. For example the last "cycle" bitcoin went from $150 to $20000 which is 13233%, or before that price went from $2.22 to $1200 which is 53900%
I suggest you take a look at bitcoin charts.

Who is "us"?
Decentralization and censorship resistance attracted me.

Bitcoin is already a global currency but it was never supposed to overthrow anything, that last part is something people thought of on themselves and you have to ask those who came up with it why they did!

It depends on how you define "crash".
Going down 30% could be defined as a crash in any market. Bitcoin has regular drops of that size. So yes bitcoin regularly crashes.
Going down 10% could also be defined as a crash in many markets. Bitcoin has them even more than 30% drops.
Going down 80% could also be defined as a crash. It is rare in bitcoin and it only happens if bitcoin reaches a massive bubble like if it reached $500k.

If I were a selfish person I would say you would have crashed before bitcoin, before you could see it fall. This market took many years to get where it is today, it differs from other markets where there is very little actual value.

But do you know what it means to create it? I don't we just use it and find it good and valuable for best friends. And don't look at such a far-fetched perspective that you cannot imagine.

We had enough from 2020 , i don't wanna be rude but please stop your Shits about this crash things.

The Covid-19 pandemic had already ruined the world and the whole crypto community , this is a sudden event that we must forget for a while
so talking about the same nightmare again is for me a Not ethical nowadays .

So lets enjoy the goodness of market for a while...

Maybe that is not a crash but a correction. But the correction can drops too deep without us know. Many people are making a big profit from the increase of bitcoin price, and I think they can accept the correction will happen many times in bitcoin history. But for people who know that bitcoin will be down and up, they will not worry and even they will try to use that moment to buy and sell bitcoin and make a profit. You do not need to worry about that, and as long as you can follow that person to buy low and sell high, and hold it for some time, you will also make a profit like them.

There's always possibility, in early 2018 if I'm not mistaken most of us never thought that it could go down very deep that fast although people have been speculating about bitcoin's dump but it's still made people shocked nonetheless.

Considering the rise that we've experienced recently is really high IMO it has a higher chance for that to happen however you should also consider the circumstance of bitcoin in 2018 and it's in 2021. IMO the only thing that could save bitcoin from massive dumping after huge price rally is mass adoption and we've been seeing many this recent year. just my 2 cents take with grain of salt.

There's nothing wrong for being a bearish sometimes on Bitcoin, even short term bearish, especially the OP seems like an investor and want to take profits along the way, nothing is wrong there.

To be honest, I am still afraid for a huge correction this time, I am basing it to previous bull run of Bitcoin all over the years, like almost more than 50% correction before making a new all-time-high again. I don't want to happen it anymore, so let's hope it will not happen, if so, being ready is good.

I only represent my personal point of view. I am not a professional, but I know some professionals and have learned something. 1. Although Bitcoin shows a total of 21 million, but the lower limit is extremely high, you can even buy 0.00001. 2. Why doesn't Buffett invest in Bitcoin, because you only know that Bitcoin is something calculated through a special algorithm, not actual For example, in the case of gold, Buffett invests in stocks because you can observe the development of a company. 3. If you are not investing in Bitcoin for profit, then you want to store it because it is valuable? Wow, then you are a true collector. 4. Its value has been increasing. Most bitcoins are held in the hands of a few capitalists, who have maintained their wealth, tax evasion, etc., and it may continue to grow. 5. Under the influence of corona in the global economy, virtual goods have a high value, the employment rate of corona is recovering, even gold is plummeting, and Bitcoin is still rising. 6. No country really recognizes Bitcoin, as some of you said that no one is the CEO or president of Bitcoin. Then I can’t understand its value and can’t plan what the future will be. It’s just my personal opinion. I am a very simple person, just to make money and meet the material foundation. Maybe I am stupid. Every expert is welcome to let me know More, thank you very much, my tuba has its own business so I use a trumpet, please understand.

If you're not certain with how bitcoin performed lately, we're free to decide while there's enough profit. Always choose what's best that you can imagine now, don't be stressed out then take your profit. Investment needs acquired patience, but if you're not strong enough to face every challenges; everything will be unworthy to be taken into focus.

Bitcoin has always crashed, will always crash, and is in a clear, imminent down trend. Prices are confirmed proven to be unsustainable above $10k. No mathematician contests this.

Uhm. I'm not going to comment on the $10k part because it's always a possibility; but clear, imminent downtrend? What downtrend? You better double check my dude because you might be looking at a screen that's upside down.

well 54k now but the highest climbs up to 58k, and also it is not capitalist that attracted us because we are already attracted since day1 of 2020.
Guarantee? for ? are you kidding me? in every investment there is no assurance , that's why this is a risky market but profitable because none of us can promise what will happen tomorrow .
Well we are for profit also but for technology as well, meaning even what happened in the future we will accept with all our heart because we trusted this market .

But it all points to the direction that we have reach the bubble. Personally, I was in the denial and think that the price can still recover that time or at least goes back to $20k++.


But this time it's different, bitcoin is now a to hold on their balance sheet of big companies, hedge against bad governance and other factors that might really push the price even higher.

Enjoy the profit, a crash does happen, sometimes even at an unexpected time or event like the pandemic, so always prepare yourself, and always get an update on what's happening in the market, and follow the coin you've invested, so you'll know the action that you are going to take, always get ready to sell and always look for the best coin to invest.

Good for you mate, what we've been looking forward with bitcoin and other promising tokens is always profit. No other reasons for our struggles but to gain sustainable returns coming from our investments. If I could just turn back time, all those shortcomings I had will be corrected just to make good decisions. Because, the past was not managed very well and maybe when this time comes I'll able to turn those money into bigger profitable gains.

FOMO always result to crash, that's normal but even if bitcoin will crash, it's not something that we should worry or be panic, only those who ride with the FOMO and does not fully understand the market behavior will panic. Crash in crypto is different from stock market, here, most of the time, crash means opportunity as bitcoin always bounce back and make a new ATH again and again, time can only tell though.

But the innovative digital asset, maintained by a decentralized swarm of so-called miners, has a long history of volatility. Most observers expect some retrenchment of that rally sooner or later.Supporters see Bitcoin’s history of volatility as just a matter of watching the world catch up, in fits and starts, with an inevitable future. Ten years of steady growth seems to have vindicated that view at least for now. But the growing pains can be truly savage.

If you check the bitcoin price in long term you will understand this is possible for bitcoin to fall rapidly in short term. So, yes, the price can crash again one day but the whole point is bitcoin will eventually rise again after the price crash. Like what happened on 2017 and 2020. So, if you are holding bitcoin as long term investment you should not be worry about the market price crash. People say it's a price crash but in my own idea market is giving us  some discount to but bitcoins at cheaper prices.

This is why you choose bitcoin for your investment right?

As for your concerns, bitcoin will crash since long time ago if there is no substantive thing, but as you can see now its price just make many people regretted to not buying it at the low price.

More than that, if bitcoin doesn't have a function then I guess there is no significant increase from its lower price $3500 because previously its price had been increased to $20.000 and crashed to $3500 but as we can see now $56.000 is a high price for an investment place.

First of all, Bitcoin shouldn't be compared with the US dollars because they are completely different from each other and the reason behind Bitcoin creation Is to serve as alternative currency not to by chance overthrow the dollars.

The surge in price of the Bitcoin market from $6K to $54K is not crazy cause this is not the first time Bitcoin will experience an enormous increase in price and the year 2024 market trend will be big than this year so you better be prepare.

I don't understand what you mean by Bitcoin to crash in place but if you're relating to dump in price? Yes, it will cause market blood bath will happened after the bullish market is over.

There is always a function for bitcoin, even if we can say "running away from fiat to keep the value of my wealth" that would be enough, it is called store of value, if you can buy a house for a million dollars today, and instead you keep that million dollars in bank, in 10 years that house will be maybe 3 million dollars and your million dollars will not be able to buy that house, that is inflation, and with a store of value asset you put it in there, and it will at least give you whatever that house will be worth, maybe more as well like bitcoin, there could be lower periods as well when it goes down but if you wait enough it will break through that and go higher.

Think about buying at 20k and thinking how stupid you are for buying at 20k when it reaches 3k, but if you kept buying instead of being upset, it is 56k+ right now, you would have been richer. Hence the store of value is a valid reason, even if no other reason is given.