Big Crash coming

[Xetamin]

How can you say that big crash is coming ,dont you read news on cryptocurrency? They already predicted that bitcoin will first reached the 2000$ before going down.

And what news are that? The bitcoin bull news? Bitcoin has great potential but to reach that price there is a long road ahead of us, be happy with the price as it is since it is already large enough that no matter at what price you bought you can make a profit.

Correct because I would rather want to see a price increase slowly than there is an abrupt increase which is very scary for us. The recent drop is very alarming but good thing it's back up now, I think we will be stable at $1,200 and will continue to increase slowly overtime.

That is right. Slow price rise will be more healthy. The volatility will deter the general adoption of bitcoin.

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[Taki]

How can you say that big crash is coming ,dont you read news on cryptocurrency? They already predicted that bitcoin will first reached the 2000$ before going down.

And what news are that? The bitcoin bull news? Bitcoin has great potential but to reach that price there is a long road ahead of us, be happy with the price as it is since it is already large enough that no matter at what price you bought you can make a profit.

Correct because I would rather want to see a price increase slowly than there is an abrupt increase which is very scary for us. The recent drop is very alarming but good thing it's back up now, I think we will be stable at $1,200 and will continue to increase slowly overtime.

That's right. Slowly rise is more prefered to many bitcoin holders rather what is happening now with bitcoin's price, it's just jumping and dropping with big steps; such behavior makes people only to panic and make some risky decisions.

[EdenHazard]

How can you say that big crash is coming ,dont you read news on cryptocurrency? They already predicted that bitcoin will first reached the 2000$ before going down.

And what news are that? The bitcoin bull news? Bitcoin has great potential but to reach that price there is a long road ahead of us, be happy with the price as it is since it is already large enough that no matter at what price you bought you can make a profit.

Correct because I would rather want to see a price increase slowly than there is an abrupt increase which is very scary for us. The recent drop is very alarming but good thing it's back up now, I think we will be stable at $1,200 and will continue to increase slowly overtime.

That's right. Slowly rise is more prefered to many bitcoin holders rather what is happening now with bitcoin's price, it's just jumping and dropping with big steps; such behavior makes people only to panic and make some risky decisions.

always be positive about how bitcoin price move , everybody expect and wish the price of bitcoin keep growing to the highest , well it is just an expectation , you have to realize it by keep the coins circulating , a lot of things you can do to help it grow faster actually.

you just don't know yet and some people still expect bitcoin to crash and take it as a moment to start farming to invest in bitcoin at low price.

[igorokavg13]

How can you say that big crash is coming ,dont you read news on cryptocurrency? They already predicted that bitcoin will first reached the 2000$ before going down.

And what news are that? The bitcoin bull news? Bitcoin has great potential but to reach that price there is a long road ahead of us, be happy with the price as it is since it is already large enough that no matter at what price you bought you can make a profit.

Correct because I would rather want to see a price increase slowly than there is an abrupt increase which is very scary for us. The recent drop is very alarming but good thing it's back up now, I think we will be stable at $1,200 and will continue to increase slowly overtime.

That's right. Slowly rise is more prefered to many bitcoin holders rather what is happening now with bitcoin's price, it's just jumping and dropping with big steps; such behavior makes people only to panic and make some risky decisions.

always be positive about how bitcoin price move , everybody expect and wish the price of bitcoin keep growing to the highest , well it is just an expectation , you have to realize it by keep the coins circulating , a lot of things you can do to help it grow faster actually.

you just don't know yet and some people still expect bitcoin to crash and take it as a moment to start farming to invest in bitcoin at low price.

I do not agree with you. Those who deal with bitcoins understand that it will not become very cheap any more. Nobody is waiting for the price of 500 dollars. The lowest adequate price now, on which you can make a purchase - is $ 900

[Xester]

How can you say that big crash is coming ,dont you read news on cryptocurrency? They already predicted that bitcoin will first reached the 2000$ before going down.

And what news are that? The bitcoin bull news? Bitcoin has great potential but to reach that price there is a long road ahead of us, be happy with the price as it is since it is already large enough that no matter at what price you bought you can make a profit.

Correct because I would rather want to see a price increase slowly than there is an abrupt increase which is very scary for us. The recent drop is very alarming but good thing it's back up now, I think we will be stable at $1,200 and will continue to increase slowly overtime.

That's right. Slowly rise is more prefered to many bitcoin holders rather what is happening now with bitcoin's price, it's just jumping and dropping with big steps; such behavior makes people only to panic and make some risky decisions.

always be positive about how bitcoin price move , everybody expect and wish the price of bitcoin keep growing to the highest , well it is just an expectation , you have to realize it by keep the coins circulating , a lot of things you can do to help it grow faster actually.

you just don't know yet and some people still expect bitcoin to crash and take it as a moment to start farming to invest in bitcoin at low price.

I do not agree with you. Those who deal with bitcoins understand that it will not become very cheap any more. Nobody is waiting for the price of 500 dollars. The lowest adequate price now, on which you can make a purchase - is $ 900

They believe that bitcoin will not decrease in value but they notice something that is very complicated and crucial in the bitcoin network that can possibly bring about major problems on bitcoin. And that is the possible split in bitcoins due to the conflict between bitcoin core and bitcoin unlimited. Those are the main reason why people thought that bitcoin will suffer big losses this year. But the unexpected turn of events have occurred the bitcoin supporters are waiting for a dump and when the dump happened they buy more bitcoins in their capacity.

[Schuyler]

How can you say that big crash is coming ,dont you read news on cryptocurrency? They already predicted that bitcoin will first reached the 2000$ before going down.

And what news are that? The bitcoin bull news? Bitcoin has great potential but to reach that price there is a long road ahead of us, be happy with the price as it is since it is already large enough that no matter at what price you bought you can make a profit.

Correct because I would rather want to see a price increase slowly than there is an abrupt increase which is very scary for us. The recent drop is very alarming but good thing it's back up now, I think we will be stable at $1,200 and will continue to increase slowly overtime.

That's right. Slowly rise is more prefered to many bitcoin holders rather what is happening now with bitcoin's price, it's just jumping and dropping with big steps; such behavior makes people only to panic and make some risky decisions.

always be positive about how bitcoin price move , everybody expect and wish the price of bitcoin keep growing to the highest , well it is just an expectation , you have to realize it by keep the coins circulating , a lot of things you can do to help it grow faster actually.

you just don't know yet and some people still expect bitcoin to crash and take it as a moment to start farming to invest in bitcoin at low price.

The price is trending up again after days of continuous downtrend. It is always nice to see bitcoin stabilize at the four digit mark, and maybe start to progress towards a new all time high. The last few weeks have been a witness to how bitcoin can be very volatile and FUD is still on a high level until now, given the possibility of a fork.

[Maximilian_333]

The news that Chinese officials may soon or to prohibit domestic Bitcoin exchanges, or impose restrictions on the movement of certain volumes of Bitcoin and other digital currencies abroad. This is due to the fact that users can share, buy local Bitcoin on exchanges and sell it abroad, thus bypassing restriction rules for the withdrawal of foreign currency. This news has led to panic on the stock exchange therefore fell sharply, the price of bitcoin .

[hankyulpark]

The news that Chinese officials may soon or to prohibit domestic Bitcoin exchanges, or impose restrictions on the movement of certain volumes of Bitcoin and other digital currencies abroad. This is due to the fact that users can share, buy local Bitcoin on exchanges and sell it abroad, thus bypassing restriction rules for the withdrawal of foreign currency. This news has led to panic on the stock exchange therefore fell sharply, the price of bitcoin .

IMO, the restriction of domestic exchanges in China could lead to an underground economy, where goods are bought and sold directly in BTC, making the government lose any control of transactions. Also, this would boost exchange methods like localbitcoins. And anyone can have a BTC wallet on their cell phones, to easily transfer BTC abroad.
Looks like that the Chinese economic agencies are aware of this, and they started conversations with this exchanges to try to know who is buying and selling BTC. This movement is a global one, as we can see in the dispute between IRS and Coinbase in the USA. 

[deisik]

The news that Chinese officials may soon or to prohibit domestic Bitcoin exchanges, or impose restrictions on the movement of certain volumes of Bitcoin and other digital currencies abroad. This is due to the fact that users can share, buy local Bitcoin on exchanges and sell it abroad, thus bypassing restriction rules for the withdrawal of foreign currency. This news has led to panic on the stock exchange therefore fell sharply, the price of bitcoin .

IMO, the restriction of domestic exchanges in China could lead to an underground economy, where goods are bought and sold directly in BTC, making the government lose any control of transactions. Also, this would boost exchange methods like localbitcoins. And anyone can have a BTC wallet on their cell phones, to easily transfer BTC abroad

Why would you want to spend good money?

As per Gresham's Law, the bad money (in this case the Chinese Yuan) should be driving the good money (here Bitcoin) out of circulation. That doesn't of course mean that the bad money is somehow better than the good money, it is no more than an effect of people hoarding the good money. Since Bitcoin is a good money here, it makes no particular sense to spend bitcoins on goods, though it may lead to a currency black market. And that likely will be a direct effect of outlawing Bitcoin exchange in China

[STT]

A big crash in assets prices needs a hard line with currency value. We have the opposite policy right now, so a big crash in anything priced dollar or similar currencies is unlikely.    

If they start defaulting debt thats a hard currency standard but usually some kind of bailout is occurring.   I think China benefits slightly from bitcoin as it acts to distribute hydro power, indirectly of course.  Anyhow China already restricts their net access with a great big firewall, Im not sure they will get worse still.

Price right now is reacting slightly to 1050 on the chart.   Since its not a harsh retraction I might assume this continues a bullish story, over the months its harder to say shorter term but this seems a good rest.  Not negative action?    We had set backs in recent weeks and days but nothing of substance to make bitcoin less effective.  The biggest threat and so relevant to a crash is overt competition from other coins able to surpass any limitations bitcoin has.  As someone pointed out, the quality of bitcoin has alot of worth and would take more then while to transition away from to another standard

[dearbesz1219]

Sorry mate, 2016 is finishing and any of your predictions have occurred.

But don't worry, 2017 will bring you a new chance to share your new predictions, proclaiming more cataclysms again but unfortunately you have lost credibility.

Yes, makes me laugh with OP's prediction for this year what else for this coming 2017.
Better read more things about bitcoin now for some update on that.

predictions never come true 100 percent. but it is required to listen to know the overall picture of the world

Today was 2017 And the present price now of bitcoin was 1151$, true that all prediction by the individuals are 100% percent accurate to  be happen and it will happen only if the the community will push it through to be happen. And the goal target price this year or before end of this year is from 2000$ up to 3000$ on which things are also much awaiting of others.

[andrew24p]

People have been saying this every year for the last 40 years. There might be a correction, like what happens in market cycles every 30 or so years, but a full blown crash is very unlikely.

[Doamader]

Sorry mate, 2016 is finishing and any of your predictions have occurred.

But don't worry, 2017 will bring you a new chance to share your new predictions, proclaiming more cataclysms again but unfortunately you have lost credibility.

Yes, makes me laugh with OP's prediction for this year what else for this coming 2017.
Better read more things about bitcoin now for some update on that.

predictions never come true 100 percent. but it is required to listen to know the overall picture of the world

Today was 2017 And the present price now of bitcoin was 1151$, true that all prediction by the individuals are 100% percent accurate to  be happen and it will happen only if the the community will push it through to be happen. And the goal target price this year or before end of this year is from 2000$ up to 3000$ on which things are also much awaiting of others.

Stop dreaming with those value, its just speculation the fact bitcoin be above 1000 dollars, its already great knowing halving price were at 500-600 dollars, and now its traded like the 2020 halving had occured already, anyway the split of bitcoin might damage bitcoin reputation and value.

[Theb]

When a big crash in world economy happens then increase is observed in commodity market not in currency market. Specifically food, grain, medicines, gold, silver.  Check any global economy disaster to verify these points.

But Bitcoin currency is very different from the Fiat Currency. Bitcoin's value does not rely on gold, silver, or bronze prices or anything related to the economy. As Bitcoin's price is only affected by the demand of the persons. What I mean about that is that the only way Bitcoin will crash is when the demand of it will significantly go down. Basing Bitcoin by the economy would be useless because it has really no affect on it whatsoever.

[STT]

It is related to the economy and currency flows just like everything, some of the money in bitcoin is borrowed or possibly used elsewhere.    If debts start having to be paid sooner rather then later, it withdraws the price of everything like the tide going out.

The policy we see in effect at present sides with inflation and loose debt standards.   Interest rates are below inflation and appear to be doing similar for some time to come.   Bitcoin price would go down if interest rates rose above inflation or if government started repaying debt but they are constantly spending too much and are very biased to enabling that spending to continue.

[Monnt]

It is related to the economy and currency flows just like everything, some of the money in bitcoin is borrowed or possibly used elsewhere.    If debts start having to be paid sooner rather then later, it withdraws the price of everything like the tide going out.

The policy we see in effect at present sides with inflation and loose debt standards.   Interest rates are below inflation and appear to be doing similar for some time to come.   Bitcoin price would go down if interest rates rose above inflation or if government started repaying debt but they are constantly spending too much and are very biased to enabling that spending to continue.

I think what is happening is the current market is working on demand and satisfying, the people who owns a large portion of bitcoin like the ones who started using bitcoin a long time and got it for a really cheap price, when they like the current price they sell and the price goes down, and when that happens people stop and start saving and then the price goes up again, so the price is always between up and down.

[iamTom123]

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.

I am always thankful that this scenario you painted in your very creative imagination did not materialized...no not just yet. I also believe that the way things are in the global scale can be ripe for some worldwide disturbance that can involved nations and group of nations. However, as to the details and specific years when the conflagration can happen that is something subject to imaginations of men. Yes, there can be a coming global conflict engulfing nations both big and small but am not sure if Bitcoin can have any value at that time.

[Kizaki]

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.

Bitcoin price rocketing is good for us signature workers and many other investors.This will work out good if this price rocket will really happen looking forward for it

[Mometaskers]

I may not know much about economic theory but it seem to be that economies enter a cycle of boom and bust. Things can get unpredictable during the down times so it's only natural to be nervous. The unpredictability is also why it can be hard to prepare for them.

It don't always have to be doom and all, we can find opportunities with the right mindset. I remember the time when Greece's woes is all that's in the news. They interviewed a store owner and he was actually optimistic despite the trouble. It turns out his store sell sewing supplies  and his sales went up since people would be repairing their clothes rather than buy new ones.

This is why despite all the FUD I'm still optimistic with bitcoin. Being able to have a safe store for your money is always a good thing. At least you can still access them even when the government declare bank holidays or put limit to withdrawals.

[AjithBtc]

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.

Bitcoin price rocketing is good for us signature workers and many other investors.This will work out good if this price rocket will really happen looking forward for it

Bitcoin price rocketing high is happening based upon the technology aspects, as mentioned signature campaign workers too not getting much benefited as there are few campaigns active and that too have lowered the number of participants. Crash is part of bitcoin and other digital currency, the trusted user will benefit out of it and if crash occurs too soon it gets retained.