The bitcoin course will never be stable, because it is not beneficial to its creators.
In all likelihood, bitcoin will continue to grow.
And then, when the target price is reached, bitcoin simply collapses to the level of 2013.
In all likelihood, bitcoin will continue to grow.
And then, when the target price is reached, bitcoin simply collapses to the level of 2013.
The 2013 crash happened for 2 main reasons.
1. 90% of all bitcoin trading was happening on Mt Gox. exchange. After the exchange was hacked and lost millions of dollars, they closed up shop and many people lost their money.
2. China was behind
A crash like this will almost never happen again. The infrastructure is much more robust than it was in 2013. There is tons of trading and volume on multiple exchanges around the world. There is no serious market centralization as there was back in 2013. If one exchange goes down, it won't affect the entire market. There are tons of exchanges waiting and ready to pick up. This was not the case in 2013.
China bans bitcoin, or [insert country here] bans bitcoin won't have as big as an effect as it did in 2013 because we have seen what recently happened with China. They in essence banned bitcoin again last month, and what happened? The market took a slight dip and kept on mooning.
Bitcoin becomes more and more resilient to huge crashes. The market has matured since 2013 and become stronger and resistant to the same kinds of things which crashed it before.