Bitcoin Forum

So we are sitting at 12.5K just like we were sitting at $1,242 in nov of 2013, Afterwards we saw a crash to low of $200 in march 2015, Are we expecting a crash down to 2K over a period of next year? just like it happened back then? My fingers are crossed on this one, I hope it doesn't happens but my spidey senses are tingling. Telling something big is coming up.. Either bad or good, only time will tell.. Are you guys sensing something too?

https://www.bloomberg.com/news/articles/2017-12-04/the-next-big-short-hedge-funds-prepare-to-trade-against-bitcoin

I don't understand how to work futures with bitcoin. I understand why this technology works on a commodity exchange, but the Forex market is absurd. It seems to me that this idea will fail. It seems to me that it will be unsuccessful attempt to stabilize the price of bitcoin. Now everyone wants to ride the bitcoin.

So you just randomly decided that roughly being 10x above 2013's high means that the same thing will happen haha. You literally have nothing to back this up. This is no different than saying this when it passed any ATH these past few months.

Unless you think another Mt. Gox is about to happen in which the public loses faith in the safety of Bitcoin and many investors lose most of their money, then no, history is not going to repeat itself. In the next year at the very least tens of millions more people will buy bitcoin, if not hundreds of millions. Plus very possible many Wall St investors will get directly involved in Bitcoin through their hedge funds and ETFs. You think this is going to make the price drop? haha.

I'd say main target for 2018 is $50k.

Of course there will be regular corrections along the way as we've been having. But no reason to randomly try to tie right now to some specific event in the past. Momentum for Bitcoin is too strong now to be derailed. Organic growth, Wall St adoption, merchant integration, payment app integration, regulation, nations adopting as legal currency...all these things are happening or about to start happening and will continue happening.

Don't look into past but into future. The reasons why crash happened back in 2013 were totaly different and there is no need to make comparisons.
We all know that correction will come, that is for sure, but this doesn't have to be crash and doesn't need to happen now. I agree that this huge price rise frightens us all a bit but I don't want to feel the possibility of price drop like a burden. Just have your strategy and some back up plan, just in case.

I don't agree with you OP. This is not 2013. We won't see 2K bitcoin price ever,I am sure of this.Yes,the correction is incoming and we may see 5K in coming days but that will be short term and not over a year for sure and price will rise again after correction.

You can see one of my previous posts on this. Essentially, hedge funds need a way into BTC and the current price doesn’t facilitate that. The futures market will open and these guys will take out a massive short position on the expontential BTC price right now. When this run up breaks down, the hedge funds will make huge cash profits on the decline. Come Feb/Mar 2018, the price will stabilize at its price bottom (my est is around $6-8k) and the hedges will either buy BTC off the exchanges behind the scenes or take out a new long position and wait for the next big run up in a few years.

Wow you think $6-$8k is incoming in a few months...boy will you be surprised when its pushing $20k at that time instead of $6k hahaha.

Your premise is also faulty. You're saying the current price doesn't facilitate them getting into BTC. But then you're saying they're gonna take out massive shorts in futures. Those futures ain't gonna do a damn thing to the bitcoin price since the futures market is entirely separate from the bitcoin market. They can short futures all day, it won't affect the price of Bitcoin in the slightest. And if you're saying well they are gonna crash the price themselves, then they gotta buy up a ton of bitcoin beforehand, and I wish them luck trying to keep an exploding market down in which they only have a tiny piece of that market haha. Even if you say they've been buying up Bitcoin in order to short for a while now. Okay, great for them, then can try it the first time and they will either succeed or fail, but then to try it again they'll have to buy up a bunch more, but this time at much higher prices than the first time they bought. So it'll cost them a lot more money to do this, which will push the price even higher, getting even more people into the game, making it even harder to bring the price down low on their own. This is not a winning bet!

Your other faulty premise is that this run up is going to suddenly just end. Last time I checked organic user adoption is increasing rapidly, not slowing down. This isn't like 5-6 years ago when the market was tiny and a few big whales decide to sell and the price crashes all the way down and nobody knows what Bitcoin is so there is no new money coming in, or even 2013 when a single traumatic event causes a big collapse for a long period of time. Adoption has and is growing too far and too wide and too quickly for the price to suddenly crash to 50% or less and stay at that value. We know this because the price has crashed several times this year, and it never stabilized at low prices for more than weeks. These days crashes only get to like 20-30% down and stay there for no more than a few hours haha. Good luck convincing millions or even tens of million of people to not buy immediately at deeply discounted prices!!

Forgive me, i have not even understand a single word of what you have posted in there, can you translate it to
real english please?


So you are saying that we are going to touch two thousand dollars just because four days ago the price dropped to 200 dollars? Hell, you a crazy, i have never believed that the charts were always going to do the same retracement once and once again!


Of course not, the price is not going to drop to that price, you should know that people is not going to do the same, the market was very controlled and manipulated by whales during that time, now the whole blockchain is much more distributed than before.

your whole speculation is based on the fact that some day some big drop happened from some ATH which was reached within one month by the way not after 2+ years!
maybe we see some crazy dump like that but it won't be because it happened once! it will be because of some serious issue which i can not guess what it  can be right now!

not really. at least not as bad as you are feeling it!
i feel some big drop is on the way soon but not down to $2000! instead down to something like $10,000 and it that gets worse it will drop down to $8000 nothing more.

It's possible but the pricing similarity isn't really something to go off. Bitcoin has had a tremendous year of growth and that's always when things are at their most vulnerable to then enter in to a bear market. I think for it to happen there has to be something big to trigger it. Will we see a global ban on bitcoin or something similar? That's the sort of thing it would take.

Just price start to moving again and up more than 13,000$ so it’s hard to stay at 12k for long time.


it’s looks like 2000$ again

I remember that crash and I have mentioned it on here too when people say that it is impossible for that to happen. I doubt that the price will drop to $2000 but we know it is a possibility. I think there is more stability now than there was back then with all of the new investors in the market. Bitcoin seemed more fragile back then. However, a crash will eventually happen. We just don’t know when and how big of a drop that will be. Just like last time, I think Bitcoin will recover and do fine.

I think only the good thing will happen to us.The price is reached from 1000$ at this year start and now it was 12825$ and it will reach 18000$ at this year end, if the price is raised steadily. But it may be some dumb, use that chance to inverse. If that dumb happen means, the price of bitcoin will reach 16-17k $ sure.

Poor analysis. It looks like you randomly selected a number that can be multiplied to 10 and try to correlate it with the current price. It doesn't work like that, unfortunately. We've been waiting for any signs of crash for months now, and also, there are a lot of players involved right now compared to the situations back in 2013, so nope, not a deja vu to me. With the addition of Wall Street's money to the game, it would only go one way: upwards.

What happened back then is different from what is about to happen to bitcoin if there is any. Bitcoin faced many issues in the years 2015 and 2013 and considering the attention it has now compared back then, I can say that there is nothing that could happen to bitcoin that can result to that same downfall. Also, comparing the way people appreciated the value of bitcoin from before and then now is something you can rely on, so let us not worry about these things and try to see what the wide will bring to us and face it.

Now the price is moving upwards with positive strength. This positive strength means raising in price constantly without dumb of huge value.The price is moved from 11000$ to 13,000$ very steadily. This christmas will be the remarkable raise in the price of bitcoin.Good to see this much raise in short period..

At present its moving upwards strongly but will it continue is the big question and expected that some correction should be happening soon. But it does seems that it will be a huge crash going way back to 2k. It might certainly drop below 10k at the most but not anywhere in range of 2k .

I wonder how they will "short" Bitcoin, its not they can lend bitcoins for shorting and buy them back later.
If they want to make a profit with a decreasing Bitcoin price, they first have to have a couple of tens of thousands coins in their possession, which they first have to buy...

Yes we will go down 80% that's for sure! At least 2 years of bear market is waiting for us.
Wall Street will short the shit out of us with their futures haven't you heard already?!
Maybe it's best time to sell now.
You know "this time it's NOT different"!
/s

Nah. At worst I see a mild correction just before the day CME allows entities to start trading Bitcoin futures. Currently we're dealing with an increasing adoption that doesn't seem to be slowing down any time soon. Back in the days it was an actual bubble where the market should never ever have touched the $1000 level. This market is completely different where there is more money than ever flowing into this ecosystem. Japan and South Korea are pushing the entire market towards newer highs, and that's just 2 countries being responsible for so much growth. Imagine how things will be when we have 10 or 20 countries contributing in a similar way....

Not looking to convince anyone. My opinion is rooted in standard BETI analysis. I’ll send you a PM in late Feb early Mar.

First, I don't know that Spiderman is also investing in Bitcoin. Lol. Kidding aside, yes only time will tell. We cannot assume that what happened before will happen again this time but we cannot also disregard the possibilities. Let's just be happy for now for the success of Bitcoin. If ever crash will happen, it is another opportunity to get more Bitcoin at a cheaper price.

lol, that was epic :) but i really believed in op because anything is possible in bitcoin though i also believe in the saying that past dont hold the future and yes we must then accept if what will happen to bitcoin , whether it will crash or not. lets just be happy and embrace on what will be its destiny yet there were still tons of coins out there that we can use as a good alternative option next to bitcoin. people will then switch on them and resulting for their values to increase and pump just like what happend to bitcoin since it was first introduce to the public.

I think you understood enough  ::)

*people are not..

See what happens when you want to be a grammar Nazi? Things start to fall on your face.

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Update: Just to let you guys know, I get nervous when things start to feel familiar, The 10x increase made me feel nervous. Anyway the trend is looking upwards. See you guys at $125,000 ;)