Bitcoin Forum

The top line is that it is a winning strategy overall

If you sell your bitcoins today, you are likely set to lose tomorrow (by letting go a good chance to get rich really quick). On the other hand, if you buy bitcoins now, you will take an opportunity and use the FUD behind the BU split against BU itself and to your advantage by buying low. If the old Bitcoin fails, you will have the new Bitcoin in absolutely the same amount, if the new one fails, you will have the old one which thereby proves its strength, might and power. So getting rid of bitcoins would be a losing strategy while acquiring more is seemingly a winning one whatever way the events are going to unfold in the future. Just keep your bitcoins in your personal wallet so that no one could steal this opportunity from you

It is time to buy.
After the split the price will surely flourish because it will bring in a new beginning for the bitcoin chain and have bitcoin unlimited off on it's own to grow in it's own way and form.
Just like ethereum had to do with the DAO attacks causing them to split off into two sections of coin.
But with this scenario nothing seems to be forced.
Because if it was to happen it would have already if it was an attack on the current blockchain.
I do think it will happen once the governing bodies of the largest conglomerates come to an agreement then it will be imposed and go ahead.
Doing it in this way will be in an organized way and they will announce it to the bitcoin community so they are aware of it so to make any necessary adjustments they need to make so not to lose any of their assets in the wrong way they are currently holding their bitcoins.
Well I hope so atleast. :-\

It seems that this problem continues to impress imposed, I choose to sell some bitcoin to reduce losses, and set aside for possible purchase of BTU in percent. For ordinary community user like me the most appropriate step is to play safe by always waiting momentum that might occur. I myself have sold a lot of bitcoin since this issue continues to sticking and becoming viral.

Yeah I really think that we should really buy some bitcoin right now,
Because after a few days I think there would be a huge pump in its price.

there is NOT going to be a hard fork

there will be no split

you are wasting your time

and in the 0.0000000001% that there is a hard fork, just hodl your btc and you will recieve btu for free, then dump btu for more btc before btu collapses

easy

actually this is exactly what I was thinking about , people should hold or buy more bitcoin at the moment and whatever happens they should be winner
unless you are really a good trader and knows how to make money in the real short term like less than one week then there is no point in selling
I'm benefiting from this by lending in poloniex , especially that must people are saying that the fork won't happen before May so I don't have to worry about the fork while my bitcoins are funding loans

hear hear!

people seem to be forgetful of these events. they should remember this time now and try to remember/read about previous events.

newsflash everyone, this is not the first time bitcoin experienced a drama like this and price went down! and it won't be the last time either. try to read between the lines instead of getting caught up into the FUD and start thinking bitcoin is not bitcoin anymore.

Price has started to rise now and again we are getting closer to 4 digit price that indicates that price can recover and reach to $1200 price once again and current price is still low to buy some bitcoins so if we buy now then we can make some really good profits in next coming days.

Still it's seems a good value to buy bro. Therefore, you can buy a bitcoin and it's will reach more than 1500$ in this year itself. I don't know this fluctuatations from the past two weeks in dumped below than 1000$ again it's rise in weekdays. This is third week continuously happen like this.

Who is wasting whose time exactly?

If there is no split, then all this FUD will go away eventually, and the price will start to rise again (with SegWit right behind the corner and Lightning Network somewhere in the future). Therefore, if you buy in now, you will profit tremendously. But even if there is a fork coming, your bitcoins will get doubled, and whatever the outcome might be (only one coin survives or both options will be available), you will most likely earn profits in any case in the long term. That's why it is a win-win strategy

That's the absolute best advice. Own your own private keys. If someone else knows your privately key ie. a web wallet, you do not own any bitcoins. Buy some bitcoins and store them in a wallet you created securely. Good advice.

deisik is 100% right here. Stop being paralyzed by FUD and news about future bitcoin split - it won't happen.
Utilize the first and the most important rule of trading: buy always there there is blood in the streets.
I love that even small dose of bad news are making bitcoin holders panicking like little kittens.

Remember - only HODLERS win!

The biggest reason to buy bitcoin now is that it is still clearly in an uptrend since the price was about 250-300 USD.

There are no signs of a reversal yet and this means it is very likely that there are some new highs the be reached.

I agree I think now is the best time to buy bitcoin,if you are a bitcoin investor since 2012 you will see that everytime there's a drop price,a surge in price after a week or two will follow and it's been the trend since 2012 so store more bitcoin now.

Right, but don't forget one more thing, the price is constantly changing tomorrow price might go down as well. Now what you can do is try to buy
more coins because price is low dont sell for atleast for a month. because from past 1 or 2 weeks we are seeing lot of ups  and downs in the
btc value, if the price falls down more than this again buy the coin because we all know the btc value for sure will increase after somedays.

Price is declining once again and as you said that it can go down more in coming days so I will prefer to wait for some more days to buy bitcoins and see where price goes as if I buy now and if price goes even more low in next few days then buying now won't be a good decision so I will prefer to keep my buying decision on hold.

It was a mistake to buy bitcoin at $1200+, but right now, I'd say its a perfect time.

Believe me, currently the price is low, and it can't go further lower. There are many chances that price is going to rise only from now on, and on the decline side, the maximum that could occur would not be less than $950.

I think there are some people fearing to buy Bitcoins now and the price fall after the hardfork (if it happens), fearing the success of BU instead of Bitcoin. It's hard to predict exactly what will happen, what currency will be the favorite.

It's upon to each one here to choose what to do, each one has a different feeling and it's better to follow your instincts (if you have enough experience here).

Price have already started to test its long time support level of $1000 again after so much correction due to hard fork FUD. Which is good sign of another bull run, it is perfect time to buy some tickets for next pump train at under $1000.  ;D

People shouldn't be afraid of the BU success

If BU is going to be a success at all. But if it succeeds we will just double our Bitcoin stashes, and that may be easy money. Since the latter is unlikely, I tend to think that the generals behind this project aim not so much at actually turning it into success but rather at hurting genuine Bitcoin. That's why BU software is heavily infected with bugs since this is not a primary task but only a disguise. Some developers may be sincerely deceived and led away by this effort but they are misguided. The true aim may consist in not making Bitcoin better, it may actually be about destroying it. That's what we should be afraid of

Anything sub $1,000 is an absolute bargain & if you can afford to, should absolutely be investing a couple of grand into bitcoin right now.

It's almost certain that good profits will be made buying at $1,000.

The constant dumping and this BU issue is affecting the trade exchanges and the price as well. This is also not the right time to buy bitcoins as it can drop to 800 if people keep dumping their coins and invest in altcoins. Now people are favoring Monero instead of BTC due to the price crash.

Yes even if you buy at this price then you can expect good profits in long term as price will definitely grow in long run so this can be considered as a best time and best price to buy as many coins as possible as it will allow you to make good profits in future when price of bitcoin gets higher.

I am not seeing any possibility of further dumps as bitcoin prices are significantly recovering today. It almost traded up to $1000 price level which must be one the physiological price level to push any one to think positive about the trends and situations of bitcoins. I guess still we are in good prices levels to make some more bitcoin investments to accelerate our profits to have more in quick time itself.

Price is really good to buy some extra bitcoins at a moment and those who wants to make quick profits I think they should grab this opportunity of buying at cheaper price as once the BU issue is resolved price will again start to move up in a positive direction.

I agree with you though it just doesnt make sense why others bother selling their bitcoin even if they will get the same amount even if hard fork happens? Maybe they just don't trust bitcoin yet. Another good strategy right now is to hold and wait for a price rise then a dump. That way you are profiting while waiting for other all time highs to happen. Probably old bitcoin will prevail though but there is the little chance of BU taking over, well either way it is a win win so let's not worry about that.

In fact, we can't fully trust it yet

We can certainly trust the technology, and there has been enough time to stress test it to be certain of it but not the people behind it (these come, then go and you likely shouldn't blindly trust anyone). I remember when I rose this issue a few years ago claiming basically that what's done by some people can be undone by other. I was attacked be many angry forum members that Bitcoin rules were set in stone and something to that tune. I'm curious what they are thinking and if they don't feel uneasy provided they still hold bitcoins, of course

...

Ah, I feel a Jesse Livermore Moment coming on.  Or even a Rothschild Moment ("Buy when there's blood in the streets.")

Some 90% of the above comments are buy, buy, buy.  When everyone says "BUY", that often signals that prices are too high (still).  The contrarian investors, those swimming against the prevailing opinion, usually do the best.

Although I am still a believer in the success of BTC, if you're going to buy, then Buy & Hodl for a nice long time, AND be prepared to lose your money as BTC is still experimental, and it could fail.  "Use only money that you can afford to lose."

In fact, this is a small voice of reason in the choir of lies

Just tell me, did you ever think that buying more bitcoins in the face of the coming hard fork could be a wise decision? It seems to be counterintuitive (I agree with that), but is it really riskier than dumping bitcoins and going into alts or a lot riskier than just going into Bitcoin anywhere in the past? Apart from that, if you choose to go against the crowd, you still fully submit to it (whether you like it or not). The contrarian investors will just lose their money in a different way. Or do you really think that market doesn't know about this type of dudes who think that they know better? They and all their possible actions are already counted in

This thread is certainly talking me into off loading more coins. My instincts are telling me we are on the brink of proper bear market (and most here are in the denial phase) and that isn't going to change until the BU/SegWit issue is sorted no matter how much I might think it is FUD. Weak hands are not ones that sell - they are ones that are indecisive and keep jumping in and out.

IMO we are just lucky that most people are diving into alt coins rather than FIAT which is keeping the overall crypto market cap stable. What is risky for Bitcoin right now is there is permanent loss of market cap share and credibility that makes alt coins like Monero and Ethereum seem like safer options going forward. That has never happened before - Bitcoin has always been the "reserve" currency. This is the first time I really feel like that is even a possibility. Is this an objective of whales and other big players in the market that clearly have some game plan? Who knows, but there is serious volatility one way or another.

My biggest question personally is how much would I put in FIAT and what to hold in alts. How much can alts like Ether/Monero absorb - they are already crazily over priced but if everyone continues to rush there it could easily get crazier still. I've not seen so much madness since 2013.

We live in interesting times!

I remember some dude had been claiming a few months ago that Bitcoin price wouldn't rise above 600 dollars per coin when Bitcoin was hanging around 550 dollars after the Bitfinex hack. He was also telling that people are massively in denial back then. I didn't hear much from him recently, though. Apart from that, this is how market typically fools most traders, their instincts are telling them that it is time to buy (or sell, for that matter) while in fact this is what market makes them feel. And when there is enough "consensus" they got proved wrong in almost 100% of cases

Emotions (or instincts, in your speak) basically make you feel something illusional as real

yeah bitcoin price is really too much good to buy its good time to buy bitcoin and then hold it for the future and i hope bitcoin value will be double at the end of this year so its buy time.

I don't think that price will be doubled at the end of the year but there is a possibility that it can touch the price of $1500 in this year but yes price is low now so if you can hold your coins till the end of the year then this is the best time to buy bitcoins.

Price is at around $1040 right now so I think this is the low price of bitcoins and it can go higher in coming days so in that case if we buy now and sell when price is high then it can give us good profits in really quick time so this price can be considered as the best price to buy bitcoins.

I do not think so. If the Core team does not allow a block size rise soon, the bitcoin price will drift lower in the short term.

buy when everyone is afraid and thinking if things will get worse

or you'll buy at top, when most people are euphoric and lose coins

What is short term to you?

If tomorrow Bitcoin goes down to 900 dollars per coin and then rebounds back to where it is now, would that count as short term? If you actually consider as short term something like 2-3 months, then Bitcoin has been over 1,000 dollars only for that long, so the current price rise itself can be considered as short term only. It all comes down to time frames, and whatever we might choose for these we should look back how Bitcoin traded within that time span in the past (i.e. what its price was that long ago)

Regardless of the situation, since the very first day I have been buying Bitcoin basically every month with a fixed amount of fiat, till the price reached $500. At that time I found myself to be satisfied with the number of coins that I managed to collect, and started doing some occasional trading to further increase my holdings without actually putting more money into Bitcoin. I am holding my coins no matter what. They are stored offline safely.

That's right, the price move takes place unexpected. A sudden fall happens creating a panic among the users and all of a sudden price recovers back to the same from which the price fell downwards. Using this a good earning is possible in a short time without much of waiting.

You do not think that Bitcoin might make another new low after this rise? You posted this on March 26 when Bitcoin was trading around $940 - $990 and has risen after that. But it is creating another lower high and it is getting ready to go down again if we follow the pattern for this month. It would be better to watch and wait in my opinion, or make low bids to be safe.

You are confusing something here

As much as I discard technical analysis as a viable way for predicting and evaluating future price behavior, I still can't help noting that just one lower high after a few consecutive higher lows mid-to-long term (basically, 250-750-550-1100-750-1300-950) doesn't tell us anything. Strictly speaking, we haven't yet made a new lower high, since we barely touched the support level at 900 dollars per coin (i.e. the support there hasn't yet been broken), and right now we are mostly trading sideways. In fact, we may well yet make a new higher high in the coming weeks (that would be an ATH, obviously). Other than that, the price may go below 900 dollars (say, down to 600 dollars), but it just means that you may be buying up all the way down (personally, that's what I'm prepared to do myself)

Exactly. People shouldn't panic just because there is a fork.

There will be a fork that fails, but then you will receive 1 Bitcoin Core Coin and 1 Bitcoin Unlimited Coin on each bitcoin you own anyways, so it shouldn't be a problem. I mean there may even be a future fork that is more accepted by everyone in the community that replaces both BC and BU, nobody knows.


I'm prepared to do that as well, as long as the fork hasn't happened yet ;)

if this did not happen already with all the drama what make you think that will happen "soon"? bitcoin value is dependent on the amount the investors bought at certain level

there is no way that those investors will start to dump their amount and lose their investment just because of some fud here and there

these investors don't really care much about the technical aspects of bitcoin, they buy to sell later at higher value, they will not dump for any reason now

You have to know that FUD is driven by greed and therefore FUD will never stop. It is your responsibility to analyze all of this and figure out what is hype and what is FUD. I prefer to ignore all the noise and just focus on the numbers. Alt coins are closely linked to Bitcoin and usually when Bitcoin goes down, people use Alt coins as a means to protect their wealth.

I try to spot the beginning of the stampede and profit from that and then always buy Bitcoin when the price take a dip. 

If they expect Bitcoin to fail, they'll dump.  That'll only come if the value falls to <$700 but that's the kind of level that is more than possible and if ETH's market cap keeps rising while Bitcoin falls to that level, even if just temporary, it'll be hard for Bitcoin to handle.

That's the best possible thing to do. While others get driven by fear and dump their coins as result, you just buy/trade and take advantage of the situation. I have been doing exactly that. Just look at how easy it is to make profit each time the price sinks under the $1000 level. So far, the price has repeatedly recovered its +$1000 position due to the demand. In a matter of a few days, you can make a more than decent profit, and that several times per month. We can thank the uncertainties around the potential hard fork for that, in this case.

This strategy is called a Ping-Pong strategy

In general, the main problem with it (and Bitcoin is no exception to this rule) is that the price never trades in any fixed range for any reliable period of time. This period of time seems to be most important aspect as to why this strategy fails exactly in the end. 90% of all traders share common traits, i.e. their expectation (patience) period is essentially the same, and within this period the price very rarely moves in a certain range since the market always works against the mass psychology. It is either goes up way above or goes down way below that. Otherwise, most traders wouldn't be losing all eventually, while some others wouldn't be taking all that at the end of the day

because the current price of bitcoin is declining. so with this price reduction we can take advantage in the future.
with a very high increase we can become very rich in a moment. very fortunate for people who have a lot of bitcoin.

Now it is not the right time to buy bitcoin because already the value of the bitcoin is high, again once if any speculation goes on bitcoin definitely the price of bitcoin will decrease again and falls to below 1000$. To raise its price again it will take a lot of time.

Below 1000$ = insta buy.

There seem to be a lot of angry altcoin buyers sticking around

A few promising coins crashed recently (e.g. Dash coin) so the level of FUD around Bitcoin seems to creeping up since they might not be quite happy with their investments and the returns they hoped for. Below are just a few example that I have met today in different threads (including this one). Or it may be the same group of people likely hired by Jihad and Co to spread FUD, while Bitcoin is not going to crash which these dudes likely expected

Correct, it can't and won't last endlessly, but that's all fine as Bitcoin will offer traders enough other opportunities. Especially in situations as we are moving in right now with uncertainties regarding a potential hard fork. In order to get rid of these uncertainties, Bitcoin must scale, and as long as that isn't happening, we'll face a long period of heavy occasional price swings and range movements.

I will not waste money to buy bitcoin now since bitcoin started to increase i you guys planing to buy bitcoin now think twice you will just gain approximately 100$ income or maybe less bitcoin right now is in $1033 per 1 bitcoin plus the fee of buying and if the bitcoin rise up to 1200 or more then your just made up 100 or less profit just buy when the price is low in atleast 900 dollars per coins. restore them in bitcoin wallet while waiting for price increase.

What the hell are you trying to say? Maybe try some punctuation ffs.


They were expecting a huge crash but it just never happened. That's why these altcoin pumps aren't lasting.

If you discard technical analysis in evaluating the behavior of the price then what is your reason in suggesting that now is a good time to start buying Bitcoin? Is there a fundamental reason?

I have to admit you might be correct because the price have been stable for the past 3 or 4 days. But how do we know for sure it will not go down?

For me it is not a very good time to buy bitcoins right now even if the price have been stable to where it is now. It is still not a very good time to buy since the probability of it going down right now to sub 1000$ or less is there and I see that there are no good news recently that will really drive bitcoin up to the moon or if not drive it to go up in price. For now, I think it is the best time to sell or hold.

But, in this moment I think to sell Bitcoin is not good time too, because if we are see in
the market now I believe the price of Bitcoin will be rise again. Although with the fundamental analysis
we are haven't a news about that. Yeah IMO this is the best time to buy Bitcoins then we holding it for future.

And what does it tell us?

As to me, it basically tells us that the recent price crash (if we can call it crash in the first place) was likely due to some Bitcoin whale selling off his stash of bitcoin (as I said it elsewhere, maybe, The Winklee twins themselves had been selling out) plus the usual panic selling, which, though, was rather constrained and didn't last for long this time. Indeed, there can be some impact of the "coming" fork (which may in fact never come, to begin with) but its effect seems to have also quickly come to nought

the right time to buy is always when the other fear the market, and the right time to sell is when the opposite situation is true

the value will likely not go below this threshold, the market is just reflecting the decision and the fud based on the whole thing about BU/segwit

after all this is set you can rest assured that the old high value will be the new bottom, we have seen time so many times in bitcoin it's so predictable and not funny anymore...

Oh, I just noticed that you are the same dude that once claimed that we would never go over 600 dollars per coin

I guess you may want to finally read the opening post. If you read it, you would get a clue that the reasons why I suggested to buy now (i.e. then, when the price was still below 1,000 dollars. just in case) had nothing to do with technical analysis. I even doubt if they have anything to do with fundamental analysis as well (though the latter is debatable). Basically, my point comes down to grasping at a rare opportunity where your risks are lower than potential profits. And it is not just lower, they are in fact skewed disproportionately in favor of a win since Bitcoin holders will likely profit in any case, i.e. in the case when Bitcoin Core prevails and in the case when Bitcoin Unlimited succeeds (provided they hold their coins in their personal wallets, of course)

before bitcoin prices reached a price of $ 1300, I think buying bitcoin is currently quite good. Well, I guess it is the reason why you should buy a bitcoin now. because I believe, and I know people have been predicting that the price of bitcoin will actually rise above the price of $ 1,200 in the near future.

Rather than missing the chance of buying low it's good to buy now and benefit the best profit in a short time as the price is surely reach $1200 or even more. Because everything with bitcoin is uncertain, maybe by the next minute price peaks up. It's for our own goodness to predict and buy at the best price.

right. i have noticed too that lately that bitcoins' price is experiencing so much volatility.. i think few weeks from now the price might be gone to 1300+ usd.. so while its cheap, this is the good time to buy more bitcoins.

I don't know, doesn't seem too likely in the short term.  The uncertainty about scaling will result in surges for altcoins and potentially drops for Bitcoin for a while (until the problems are solved).

You are right, we are believe that the price of Bitcoin will be increased more than $1200 again. But if Bitcoin later had problems again like weeks ago, it will be difficult to achieve a price of $1200/BTC. Now, I just hope the price will be down briefly at rate under $1000 then we can buy more, hold and sell it when the price go to $1200 above.

Speaking of Bitcoin Core and Bitcoin Unlimited, I am curious which implementation are you supporting and why. I have been arguing for the cause of Core but honestly I am still undecided. Listening to both sides objectively has made me a little bit confused.

My stance is pretty simple (as always)

I'm obviously against miners' monopoly as any ordinary Bitcoin user should be. The only way to get rid of miners (as we know them today) is to enable off-chain transactions (at least, that's what I'm inclined to think myself). Unsurprisingly, this is exactly the way that Bitcoin should go if it intends to start universally accepted as a means of payment. Apart from that, instant off-chain transactions would allow to create decentralized exchanges over the blockchain with fiat gateways at regular exchanges. This is what Bitcoin Core offers. What Bitcoin Unlimited offers I don't know beyond dynamic block sizes, but even that seems to be only a pretext to keep things as they are (i.e. to preserve the mining monopoly)

I am on thr same boat as you. But arguing with franky1 and jonald_fyookball have opened my eyes a little bit. There is a need for a slightly bigger blocksize but I do not agree the miners should have the power to decide.

Did they shut your eyes wide?

Dynamic blocks (which is what BU proponents suggest) is a sham. This won't change a thing neither now nor in the end. The problem is not with block sizes in and of themselves, the problem is in miners as such. Whatever is the size of the block, it is still up to miners to decide which transactions to include and which to dispose of (or whether to include any at all). This is what the BU paid shills won't tell you. And dynamic blocks won't change anything in this regard. The only way to make miners do their job is to completely demonopolize mining. In this way, SegWit is an interim solution as well but it opens doors to massive off-chain scaling that is set to efficiently and effectively eradicate mining monopoly eventually

But is it not that mining will always be a Chinese monopoly anyway? They control most of the hashing power and they manufacture all the chips and the ASICS for mining. What good will the an offchain transaction layer do to demonopolize it? But it does give the users and the Bitcoin businesses, service providers and exchanges a form of leverage.

Do not get me wrong, I am for Segwit as a necessary way forward to "upgrade" the network. But I am also trying to learn everything without being biased. So I ask all these questions.

Price is high now in compare to last few days so I don't think this would be the best time to buy bitcoins so I will keep my buying on hold at a moment and simply sit and watch the price movements for next couple of days and depending on that will decide whether to buy or sell my coins.

That's the whole point

Though it may be hard to grasp at first, but miners do perfectly understand that. Massive off-chain transactions won't start all at once, they will grow gradually. But with their growth, the number of on-chain transactions will start to decline. And this is the crux of the matter here. Right now miners can bid up the transaction fees since there is tight competition between senders, but if there are less senders (i.e. less on-chain transactions), there will be less competition between them, and miners will have to include all transactions regardless of the fee size. Theoretically, mining pools could collude and start something like a strike, i.e. not include any transactions and mine empty blocks (or include only premium transactions leaving blocks half-empty), but this will first show their monopoly, then reveal how rogue they are in reality, and finally make it evident to anyone how flawed the current system is as of now. Ultimately, with block rewards hitting the floor, today's miners will have to wind up with all their now useless asics, and this will open doors to demonopolized mining available to anyone for a tiny or no profit at all. There are over 30 thousand Bitcoin full nodes running today which will readily confirm transactions for free, just to keep the network ticking (this is what they are doing presently anyway)


No problem with that

Yes, you are right, with the prices rising as it now it's indeed better to wait and see,
but if we are have the courage maybe we can buy now and hold it for the next high price.

The price is increasing every day. It is stupid to wait. You either believe in bitcoin or you don't. If you believe you buy. Yes it is that simple.

it is pretty simple if people use their own brain!
but when they start coming online, reading what others say and start reading the FUD then things become pretty complicated pretty fast.

I think price will be even higher in coming days so we can take that extra risk of buying bitcoins even at the present price and even if price goes down then you always have an choice to hold them till price bounce backs again.

You are right. The price is $1600 now. I have moved some altcoins into bitcoin and have made some profits.

I also made some decent profits

I myself went on a buying spree when Bitcoin went down below the 1,000 dollars per coin mark, though I kept the bulk of my fiat capital to buy more in the range of 800-900 dollars (but the price stopped just a little over 900 dollars). Nevertheless, I still have coins to last me all the way up to 2,000 dollars per coin. I hope there will be a sort of correction for a few hundred dollars on the way there, so I could buy back some of the coins I sold earlier

When Bitcoin hit $1,300 there was some predicting $1,700 and it looks like we are on our way.  Beware that there may be a correction at that time. 

Correction is certainly not something that we should be beware or afraid of

It is a genuine crash that we should worry us. With Bitcoin prices so high it actually becomes a little frightening. Some cryptowhale which has dozens of thousands of bitcoins may finally be tempted to part with his stash And that would likely cause a dramatic price crash since at such prices the market is necessarily thin, i.e. a relatively small amount of money injected into the market could cause severe volatility