Big Crash coming

[cjmoles]

Yes, I agree....it doesn't have to be this way, but it is this way.  And, as long as the US dollar is the unit used to make and measure purchases, then it will remain this way....If the dollar buys less oil, more dollars will be needed to purchase the required amount of oil, but where will these dollars come from?  They will have to come from the liquidation of investments, including bitcoin.  It's hard to separate a currency's value as a medium of exchange from the currency's ability to store wealth and still adhere to the laws of economics in a coherent argument....bitcoin does break some of those rules, but to what extant?  If the dollar buys less, bitcoin buys less....at least until the order of things change.  Right?

What rules does it break exactly?

I guess I can tell what makes you think that Bitcoin breaks some laws of economics. You come to think so because you consider it as a currency while it is an erroneous assumption which leads you to wrong conclusions. Bitcoin is mostly a speculative asset as of yet (a digital tulip of sorts), and it should be judged based on these premises. Once you proceed in your reasoning from that, you will likely see that there is nothing particularly wrong with Bitcoin in regard to the laws of economics which it allegedly violates

See....That's what I mean: it functions as a currency while it is treated as a speculative asset....When we treat it as a currency, it is hard to determine its purchasing value in relation to goods and services while there is so much speculation attached to its future....the amount of work required to attain bitcoin should approximate its purchasing power for it to function as a currency....theoretically.

[1714997641]

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[upsidedown75]

I hope not.
It can go little down...but slowly.

Yes, it is no surprise that by the end of the year we might see the price of bitcoin go over the 900$ mark again, but I don't think we will see a change in the market like people start using it and governments making it as an official currency , but next year we might see some big changes since the bitcoin might go over to the 1000$ .

I am actually expecting that bitcoin may reach 1000$ this December but sad to say it did not reach that but it is still good news since there is a price inflation going on. Well, probably next year Bitcoin will reach more then one thousand dollars each possibly it may jump up to 1500$ but who knows maybe much larger. With that we just need to hold some coins just in case the huge inflation occurs.

it can be possible for bitcoin to reach 1000 dollars or higher but we are not sure if this will really happen next year, that is not the only thing that may happen, it is also possible that the price will slowly go down . there's nothing wrong to expect for much higher price but we should look also to other possibilities as we are not able to accurately predict what will happen in the future .

As a user of Bitcoin we always expect rise of price but its price depending upon market which can fluctuate anytime. Yes nobody knows that when the value of Bitcoin will reach $1,000 but all people predict that it will come as soon as possible. So, as of now there will not be any panic about sudden big crash.

[Huge Black Woman]

Lookit the stocka market an' how high it is lately.  It don't take much brains or eyes to see dat a crash is overdoo.  Lookit the DOW, it's almost 20,000!  I thank these here low interest rates have done got niggas addicted to borrowin' cash.  Then wit tha cheap money, they buyin' stocks, bitcoin, shit coins, SUVs, plastic surgery, illegal drugs, camoflauge underwear, and evverythin' else you can think up.  Ain't no wonder bitcoin is almost a thousand smackers!

[jaysabi]

Lookit the stocka market an' how high it is lately.  It don't take much brains or eyes to see dat a crash is overdoo.  Lookit the DOW, it's almost 20,000!  I thank these here low interest rates have done got niggas addicted to borrowin' cash.  Then wit tha cheap money, they buyin' stocks, bitcoin, shit coins, SUVs, plastic surgery, illegal drugs, camoflauge underwear, and evverythin' else you can think up.  Ain't no wonder bitcoin is almost a thousand smackers!

Looking at an arbitrary number (like 20,000 for the Dow) without any context isn't a fruitful exercise. You have to look at the fundamentals underlying the recent rise in equity prices. If the companies that make up the Dow index are more profitable, it makes sense for the Dow companies to post price increases. When we've had massive crashes, like the dot com crash for example, the prices of the NASDAQ did not track increases in profitability. It was a bubble because the prices increased despite all these companies not having any profits to show. Obviously, that isn't sustainable, and the market crashed, as it should have. That's not the same as what is happening now, as the PE ratios of companies are within historical norms. There's no reason to think that the Dow is due for a crash just because it's nearing 20,000.

[Babayega31]

Lookit the stocka market an' how high it is lately.  It don't take much brains or eyes to see dat a crash is overdoo.  Lookit the DOW, it's almost 20,000!  I thank these here low interest rates have done got niggas addicted to borrowin' cash.  Then wit tha cheap money, they buyin' stocks, bitcoin, shit coins, SUVs, plastic surgery, illegal drugs, camoflauge underwear, and evverythin' else you can think up.  Ain't no wonder bitcoin is almost a thousand smackers!

No, its all speculations no big crash is coming but bitcoin  will go down of its price because sometimes demand falls down. More users of bitcoins were creating speculation because they want that the demand will fall and they can buy bitcoin in a cheap price so that when tine comes they will gain big profit when btc price rises again. We must not believe in all speculations all we need to do is read reliable forums.

[deisik]

Yes, I agree....it doesn't have to be this way, but it is this way.  And, as long as the US dollar is the unit used to make and measure purchases, then it will remain this way....If the dollar buys less oil, more dollars will be needed to purchase the required amount of oil, but where will these dollars come from?  They will have to come from the liquidation of investments, including bitcoin.  It's hard to separate a currency's value as a medium of exchange from the currency's ability to store wealth and still adhere to the laws of economics in a coherent argument....bitcoin does break some of those rules, but to what extant?  If the dollar buys less, bitcoin buys less....at least until the order of things change.  Right?

What rules does it break exactly?

I guess I can tell what makes you think that Bitcoin breaks some laws of economics. You come to think so because you consider it as a currency while it is an erroneous assumption which leads you to wrong conclusions. Bitcoin is mostly a speculative asset as of yet (a digital tulip of sorts), and it should be judged based on these premises. Once you proceed in your reasoning from that, you will likely see that there is nothing particularly wrong with Bitcoin in regard to the laws of economics which it allegedly violates

See....That's what I mean: it functions as a currency while it is treated as a speculative asset....When we treat it as a currency, it is hard to determine its purchasing value in relation to goods and services while there is so much speculation attached to its future....the amount of work required to attain bitcoin should approximate its purchasing power for it to function as a currency....theoretically.

The labor theory of value has long been forgotten and abandoned as inconsistent. It seems that the laws of economics which Bitcoin allegedly violates are actually not the laws but tenets of a neglected theory that had been widespread two hundred years ago. Alternately stated, any fiat currency would be breaking the "laws of economics" since government just prints it essentially without any effort. Other than that, Bitcoin doesn't function as a currency, it functions exactly as a speculative asset (a digital tulip). So, as I said before, it is an erroneous assumption to consider Bitcoin as money presently...

Which leads you to all kinds of inconsistencies and purported paradoxes

[iamTom123]

The crash is not a question of IF but when. The problem is when we get too excited and are carried away thinking that we can put a year when this will happen. When we laugh at those religious fanatics predicting the gloom and the end of the world, we did not realize that we also are doing the same thing as far as the economy and Bitcoin are concerned.

[AppleBTC]

Bitcoin price are still going strong at the moment, for now it is really hard to predict if it will go down or continue to rise in price

[Positid]

Bitcoin price are still going strong at the moment, for now it is really hard to predict if it will go down or continue to rise in price

That means we are not crashing but we are going to the moon, hopefully this success will continue so we can be more profitable in the future.

[UnknownEye]

Bitcoin price are still going strong at the moment, for now it is really hard to predict if it will go down or continue to rise in price

That means we are not crashing but we are going to the moon, hopefully this success will continue so we can be more profitable in the future.

Yup we are going to the moon until an exchange or big holder gets hacked with that wonderful news that crashes the market again. I can't wait for this uptrend to end lol

[Sithara007]

Bitcoin price are still going strong at the moment, for now it is really hard to predict if it will go down or continue to rise in price

I strongly suspect that it is the after-effect of the block reward halving. Even during the previous block reward halving (in 2012), the spike in prices occurred after a period of 10-12 months.

[The_prodigy]

Im not negative when it comes on bitcoin i always think possitive i don't want to be stressed that much bitcoin price is not really matter if you love bitcoin, If bitcoin fall into bottom this is really impossible bitcoin is getting very strong for the past few years we saw it already. This means theres no chance that bitcoin will be fall again like on year 2014.

[cjmoles]

Yes, I agree....it doesn't have to be this way, but it is this way.  And, as long as the US dollar is the unit used to make and measure purchases, then it will remain this way....If the dollar buys less oil, more dollars will be needed to purchase the required amount of oil, but where will these dollars come from?  They will have to come from the liquidation of investments, including bitcoin.  It's hard to separate a currency's value as a medium of exchange from the currency's ability to store wealth and still adhere to the laws of economics in a coherent argument....bitcoin does break some of those rules, but to what extant?  If the dollar buys less, bitcoin buys less....at least until the order of things change.  Right?

What rules does it break exactly?

I guess I can tell what makes you think that Bitcoin breaks some laws of economics. You come to think so because you consider it as a currency while it is an erroneous assumption which leads you to wrong conclusions. Bitcoin is mostly a speculative asset as of yet (a digital tulip of sorts), and it should be judged based on these premises. Once you proceed in your reasoning from that, you will likely see that there is nothing particularly wrong with Bitcoin in regard to the laws of economics which it allegedly violates

See....That's what I mean: it functions as a currency while it is treated as a speculative asset....When we treat it as a currency, it is hard to determine its purchasing value in relation to goods and services while there is so much speculation attached to its future....the amount of work required to attain bitcoin should approximate its purchasing power for it to function as a currency....theoretically.

The labor theory of value has long been forgotten and abandoned as inconsistent. It seems that the laws of economics which Bitcoin allegedly violates are actually not the laws but tenets of a neglected theory that had been widespread two hundred years ago. Alternately stated, any fiat currency would be breaking the "laws of economics" since government just prints it essentially without any effort. Other than that, Bitcoin doesn't function as a currency, it functions exactly as a speculative asset (a digital tulip). So, as I said before, it is an erroneous assumption to consider Bitcoin as money presently...

Which leads you to all kinds of inconsistencies and purported paradoxes

I agree....it would be a stretch to label bitcoin a full fledged "currency" at this point in its development....and I think that there are too many similarities to tulipmania within the community not to be cautious.  However, I do believe that the technology behind the movement is going to revolutionize the way the world interacts politically, socially, and economically.  The blockchain is different in that it creates this weird permutation of micro economic utility with macro economic implications....Bitcoin is more than just a "speculative asset" when we consider the direction of its current and the magnitude of its potential.

[crairezx20]

Im not negative when it comes on bitcoin i always think possitive i don't want to be stressed that much bitcoin price is not really matter if you love bitcoin, If bitcoin fall into bottom this is really impossible bitcoin is getting very strong for the past few years we saw it already. This means theres no chance that bitcoin will be fall again like on year 2014.

Yeah it is impossible that the price will be crash at the bottom since bitcoin is very strong rigth now but right now we are seeing the price is gradually increasing into 900 above that honestly if you think it is hard to decide weather to sell or not because the price is gradually increasing..
And i think the price of bitcoin soon will be decreases because many people will be satisfied of the price that honestly it is a normal movement of the price compare last year..

[xhomerx10]

Just to let you guys know a big crash is coming in 2016 in the economy. There is going to be a huge financial crisis but it will be worse than 2009.

The bitcoin price will skyrocket to over $10,000. However  bitcoin will be banned in all western countries. If you are reading this living in the west you should make preparations to move to Russia or China they are the only places you will be safe owning bitcoins.

The crisis will be so big it will destroy entire countries and in 2017 there will be a civil war in the USA, UK and western europe. After this the world will never be the same again it will change so much by 2020 it will be unrecognizable compared to today.

 May all of your economic crises be as bad as they were in 2016.

I'm calling it early: Prediction Fail

[2double0]

Just to let you guys know a big crash is coming in 2016 in the economy. There is going to be a huge financial crisis but it will be worse than 2009.

The bitcoin price will skyrocket to over $10,000. However  bitcoin will be banned in all western countries. If you are reading this living in the west you should make preparations to move to Russia or China they are the only places you will be safe owning bitcoins.

The crisis will be so big it will destroy entire countries and in 2017 there will be a civil war in the USA, UK and western europe. After this the world will never be the same again it will change so much by 2020 it will be unrecognizable compared to today.

 May all of your economic crises be as bad as they were in 2016.

I'm calling it early: Prediction Fail

OP is GOD, man. 
Being speculative is just another thing, but going paranoid on the price like this? [/sarcasm]
The price will not touch $10,000 that easy even if a war gets called up, but negative effects will surely be seen, and I hope there will be peace everywhere and no war.

[Jasad]

Bitcoin price are still going strong at the moment, for now it is really hard to predict if it will go down or continue to rise in price

That means we are not crashing but we are going to the moon, hopefully this success will continue so we can be more profitable in the future.

Yup we are going to the moon until an exchange or big holder gets hacked with that wonderful news that crashes the market again. I can't wait for this uptrend to end lol

Behind a high unexpected price there always something to be sacrificed indeed,
We can not avoid there could be a crash after these skyrocketed price recently,
But op predicting exaggerated, seems like a drama I think lol,
Everyone expect the price keep moving up , but ideally there should a crash to raise the price to the highest later.

[jaysabi]

Just to let you guys know a big crash is coming in 2016 in the economy. There is going to be a huge financial crisis but it will be worse than 2009.

The bitcoin price will skyrocket to over $10,000. However  bitcoin will be banned in all western countries. If you are reading this living in the west you should make preparations to move to Russia or China they are the only places you will be safe owning bitcoins.

The crisis will be so big it will destroy entire countries and in 2017 there will be a civil war in the USA, UK and western europe. After this the world will never be the same again it will change so much by 2020 it will be unrecognizable compared to today.

 May all of your economic crises be as bad as they were in 2016.

I'm calling it early: Prediction Fail

If you're going to be wrong in your predictions, you might as well be wrong huge. Calling for a market crash was the most likely of the outlandish predictions OP made. Market crashes are at least fairly common. You're not going out on a huge limb by predicting one of those in any given year. But look at the rest: Bitcoin to 10,000? Big nope. Bitcoin outlawed in western nations? Lol. Civil war in the USA? Well, came closer there than he intended with the election of Trump.

[carlisle1]

I hope not.
It can go little down...but slowly.

Yes, it is no surprise that by the end of the year we might see the price of bitcoin go over the 900$ mark again, but I don't think we will see a change in the market like people start using it and governments making it as an official currency , but next year we might see some big changes since the bitcoin might go over to the 1000$ .

I am actually expecting that bitcoin may reach 1000$ this December but sad to say it did not reach that but it is still good news since there is a price inflation going on. Well, probably next year Bitcoin will reach more then one thousand dollars each possibly it may jump up to 1500$ but who knows maybe much larger. With that we just need to hold some coins just in case the huge inflation occurs.

it can be possible for bitcoin to reach 1000 dollars or higher but we are not sure if this will really happen next year, that is not the only thing that may happen, it is also possible that the price will slowly go down . there's nothing wrong to expect for much higher price but we should look also to other possibilities as we are not able to accurately predict what will happen in the future .

As a user of Bitcoin we always expect rise of price but its price depending upon market which can fluctuate anytime. Yes nobody knows that when the value of Bitcoin will reach $1,000 but all people predict that it will come as soon as possible. So, as of now there will not be any panic about sudden big crash.

so far, reaching $1000 really seems possible as we can see to its current price and maybe as soon as possible it will hit a thousand dollar price value . you are right there's no need to panic for now towards the big crash but we should prepare for that .

[tee-rex]

Just to let you guys know a big crash is coming in 2016 in the economy. There is going to be a huge financial crisis but it will be worse than 2009.

The bitcoin price will skyrocket to over $10,000. However  bitcoin will be banned in all western countries. If you are reading this living in the west you should make preparations to move to Russia or China they are the only places you will be safe owning bitcoins.

The crisis will be so big it will destroy entire countries and in 2017 there will be a civil war in the USA, UK and western europe. After this the world will never be the same again it will change so much by 2020 it will be unrecognizable compared to today.

 May all of your economic crises be as bad as they were in 2016.

I'm calling it early: Prediction Fail

If you're going to be wrong in your predictions, you might as well be wrong huge. Calling for a market crash was the most likely of the outlandish predictions OP made. Market crashes are at least fairly common. You're not going out on a huge limb by predicting one of those in any given year. But look at the rest: Bitcoin to 10,000? Big nope. Bitcoin outlawed in western nations? Lol. Civil war in the USA? Well, came closer there than he intended with the election of Trump.

If we proceed in the reverse order, this might not look impossible. Does a civil war come closer in the US with the election of Trump? Will it make the dollar value crash? Could Bitcoin rise to $10,000 per coin due to all these factors? In my view, it is quite possible if the events unfold in this order. After all, did anyone seriously believe that Trump would outdo Clinton?