Why the bitcoin won't crash.

[keten]

A combination of factors makes the bitcoin currency very crash resistant.

A crash would occur under a mass sell out. Considering a very significant event that undermines the security of the bitcoin system would have to occur for a mass sell out to be rationally justifiable, such as a government or other powerful group/individual spends massive resources to break the system, a hacking or some form of take down on mtgox occurs that involves many losing their bitcoins, or some entity creates a quantum computer capable of breaking the SHA256 encryption in reasonable time and starts targeting bitcoin accounts, I think it's safe to say with a very high probability (at least at the current state of events) that a mass sell out would occur due to snowballing speculation/panic selling combined with or initiated by large investors getting their bitcoins out.

Such a mass sellout will happen from time to time due to natural market movements. However any massively significant crash, such as going from 30$/bitcoin to <1$/bitcoin or even <5$/bitcoin is very unlikely because of one thing... the community.

In order for the bitcoin to crest and crash the market would have to be overtaken by speculative investors. And by overtaken I mean a significant majority of all bitcoins must lay in the hands of these speculative investors. Only then will the sell rate be unsustainable and have no buyers to keep up with it. However, due to the bitcoin architecture, the strongest currently are early adopters. Many of these people have a vested interest not in just making a quick buck, but to see the bitcoin be adopted globally. At the current moment, with these people in control, the bitcoin will not crash. There isn't enough market initiative sufficient to make it crash.

This means we have NOT REACHED the start of a bitcoin bubble as of yet. It will happen, as the bitcoin gets more popular, and the balance of power shifts over to more powerful investors, that market activity will get even more extreme than is now. But whether or not that balance of power shift that would allow a massively significant crash to occur... could even occur, is debatable.

The graph on http://buttcoin.org/im-going-to-post-this-update-so-you-can-follow-along-at-home is actually pretty accurate. The thing is the "mean" for the "return to the mean" phase has not been reached, and you can help that mean be as high as possible by doing the following.

WHAT YOU CAN DO:
1) For people with large vested interests in bitcoins: you should be aware that you have a lot of power on the market. Be aware of what you do, as any large actions could come back to bite you in the ass. But also be aware certain large actions could be necessary to save your investment.

2) For businesses: make using bitcoins to purchase things attractive. You could aim for simply breaking even or even selling at a slight loss based on the current market value of the bitcoin. Because there is potential for the bitcoin to rise in value significantly, you would be simultaneously offering customers prices that can't be beat, but also making a large profit as bitcoins rise in value. The only way this is sustainable is because bitcoin customers are growing exponentially. The bitcoin is increasing in value due to its inherent ponzi-scheme-esque exponential growth values. The only difference is that at the end (when the bitcoin is largely accepted and exponential growth becomes unsustainable) instead of a crash, the value stabilizes. 

3) For everyone: you don't need to have a single bitcent in your account for the purpose of hoarding to do this. Simply when you need to buy something, see if it's for sale using bitcoins. Then buy however many bitcoins you need and spend it on that item. If buisnesses follow what I suggested above, it would be the best deal your money could buy anyways! Or separate your investment account from your account for spending power. I think hoarding is a very proper thing to do at the moment, but realize if you spend bitcoins (even if you just buy them and spend them immediately), you're helping raise the eventual "mean" that is referenced in the above graph. The bitcoin is a potentially very profitable environment for dealers, as you can sell a $10 item now and a month later, with raised bitcoin prices, have effectively sold that item for $20,$40,$100 or more. By buying items you're raising demand for buisness, and by raising demand for buisness, you're helping the bitcoin become globally accepted.

[1715254256]

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[Cryptoman]

Nice essay.  My philosophy has been to sell/spend 50% of my mining proceeds.  That way, I'm not hoarding and driving the price up nor dumping and driving it down.  I've covered my equipment investment costs but still have some coins should Bitcoin continue to do well.  I do kinda regret all those coins I sold for less than a buck though. 

[phillipsjk]

Those coins you sold for less than a buck probably convinced enough people that bitcoin was a real currency to raise the value.

[Dod Ong]

A combination of factors makes the bitcoin currency very crash resistant.

A crash would occur under a mass sell out. Considering a very significant event that undermines the security of the bitcoin system would have to occur for a mass sell out to be rationally justifiable, such as a government or other powerful group/individual spends massive resources to break the system, a hacking or some form of take down on mtgox occurs that involves many losing their bitcoins, or some entity creates a quantum computer capable of breaking the SHA256 encryption in reasonable time and starts targeting bitcoin accounts, I think it's safe to say with a very high probability (at least at the current state of events) that a mass sell out would occur due to snowballing speculation/panic selling combined with or initiated by large investors getting their bitcoins out.

Such a mass sellout will happen from time to time due to natural market movements. However any massively significant crash, such as going from 30$/bitcoin to <1$/bitcoin or even <5$/bitcoin is very unlikely because of one thing... the community.

In order for the bitcoin to crest and crash the market would have to be overtaken by speculative investors. And by overtaken I mean a significant majority of all bitcoins must lay in the hands of these speculative investors. Only then will the sell rate be unsustainable and have no buyers to keep up with it. However, due to the bitcoin architecture, the strongest currently are early adopters. Many of these people have a vested interest not in just making a quick buck, but to see the bitcoin be adopted globally. At the current moment, with these people in control, the bitcoin will not crash. There isn't enough market initiative sufficient to make it crash.

This means we have NOT REACHED the start of a bitcoin bubble as of yet. It will happen, as the bitcoin gets more popular, and the balance of power shifts over to more powerful investors, that market activity will get even more extreme than is now. But whether or not that balance of power shift that would allow a massively significant crash to occur... could even occur, is debatable.

The graph on http://buttcoin.org/im-going-to-post-this-update-so-you-can-follow-along-at-home is actually pretty accurate. The thing is the "mean" for the "return to the mean" phase has not been reached, and you can help that mean be as high as possible by doing the following.

WHAT YOU CAN DO:
1) For people with large vested interests in bitcoins: you should be aware that you have a lot of power on the market. Be aware of what you do, as any large actions could come back to bite you in the ass. But also be aware certain large actions could be necessary to save your investment.

2) For businesses: make using bitcoins to purchase things attractive. You could aim for simply breaking even or even selling at a slight loss based on the current market value of the bitcoin. Because there is potential for the bitcoin to rise in value significantly, you would be simultaneously offering customers prices that can't be beat, but also making a large profit as bitcoins rise in value. The only way this is sustainable is because bitcoin customers are growing exponentially. The bitcoin is increasing in value due to its inherent ponzi-scheme-esque exponential growth values. The only difference is that at the end (when the bitcoin is largely accepted and exponential growth becomes unsustainable) instead of a crash, the value stabilizes. 

3) For everyone: you don't need to have a single bitcent in your account for the purpose of hoarding to do this. Simply when you need to buy something, see if it's for sale using bitcoins. Then buy however many bitcoins you need and spend it on that item. If buisnesses follow what I suggested above, it would be the best deal your money could buy anyways! Or separate your investment account from your account for spending power. I think hoarding is a very proper thing to do at the moment, but realize if you spend bitcoins (even if you just buy them and spend them immediately), you're helping raise the eventual "mean" that is referenced in the above graph. The bitcoin is a potentially very profitable environment for dealers, as you can sell a $10 item now and a month later, with raised bitcoin prices, have effectively sold that item for $20,$40,$100 or more. By buying items you're raising demand for buisness, and by raising demand for buisness, you're helping the bitcoin become globally accepted.

Why the bitcoin won't crash because of it's demand. The demand of bitcoin affect the bitcoin's life so the bitcoin won't be crash. The bitcoin is very powerful because they can change any one's life just using and working here on bitcoin. The earnings of bitcoin cause the people to use it so the demand of bitcoin are continuously increasing. That's why the bitcoin won't be crash.

[laiya94]

I don't think big holders (whales) let gonna crash bitcoins. They are the major party currently controls the bitcoin price.

[First77]

I don't think big holders (whales) let gonna crash bitcoins. They are the major party currently controls the bitcoin price.

I think 4,000,000 Bitcoins which were purchased before 2011 will be sold.

[charlotte04]

I don't think big holders (whales) let gonna crash bitcoins. They are the major party currently controls the bitcoin price.

Yep, people like them won't make Bitcoin go down since they really invested big enough. And just imagine that only few people know about Bitcoin. What if everyone will notice it? Just imagine.

[altcoin4u]

A combination of factors makes the bitcoin currency very crash resistant.

A crash would occur under a mass sell out. Considering a very significant event that undermines the security of the bitcoin system would have to occur for a mass sell out to be rationally justifiable, such as a government or other powerful group/individual spends massive resources to break the system, a hacking or some form of take down on mtgox occurs that involves many losing their bitcoins, or some entity creates a quantum computer capable of breaking the SHA256 encryption in reasonable time and starts targeting bitcoin accounts, I think it's safe to say with a very high probability (at least at the current state of events) that a mass sell out would occur due to snowballing speculation/panic selling combined with or initiated by large investors getting their bitcoins out.

Such a mass sellout will happen from time to time due to natural market movements. However any massively significant crash, such as going from 30$/bitcoin to <1$/bitcoin or even <5$/bitcoin is very unlikely because of one thing... the community.

In order for the bitcoin to crest and crash the market would have to be overtaken by speculative investors. And by overtaken I mean a significant majority of all bitcoins must lay in the hands of these speculative investors. Only then will the sell rate be unsustainable and have no buyers to keep up with it. However, due to the bitcoin architecture, the strongest currently are early adopters. Many of these people have a vested interest not in just making a quick buck, but to see the bitcoin be adopted globally. At the current moment, with these people in control, the bitcoin will not crash. There isn't enough market initiative sufficient to make it crash.

This means we have NOT REACHED the start of a bitcoin bubble as of yet. It will happen, as the bitcoin gets more popular, and the balance of power shifts over to more powerful investors, that market activity will get even more extreme than is now. But whether or not that balance of power shift that would allow a massively significant crash to occur... could even occur, is debatable.

The graph on http://buttcoin.org/im-going-to-post-this-update-so-you-can-follow-along-at-home is actually pretty accurate. The thing is the "mean" for the "return to the mean" phase has not been reached, and you can help that mean be as high as possible by doing the following.

WHAT YOU CAN DO:
1) For people with large vested interests in bitcoins: you should be aware that you have a lot of power on the market. Be aware of what you do, as any large actions could come back to bite you in the ass. But also be aware certain large actions could be necessary to save your investment.

2) For businesses: make using bitcoins to purchase things attractive. You could aim for simply breaking even or even selling at a slight loss based on the current market value of the bitcoin. Because there is potential for the bitcoin to rise in value significantly, you would be simultaneously offering customers prices that can't be beat, but also making a large profit as bitcoins rise in value. The only way this is sustainable is because bitcoin customers are growing exponentially. The bitcoin is increasing in value due to its inherent ponzi-scheme-esque exponential growth values. The only difference is that at the end (when the bitcoin is largely accepted and exponential growth becomes unsustainable) instead of a crash, the value stabilizes. 

3) For everyone: you don't need to have a single bitcent in your account for the purpose of hoarding to do this. Simply when you need to buy something, see if it's for sale using bitcoins. Then buy however many bitcoins you need and spend it on that item. If buisnesses follow what I suggested above, it would be the best deal your money could buy anyways! Or separate your investment account from your account for spending power. I think hoarding is a very proper thing to do at the moment, but realize if you spend bitcoins (even if you just buy them and spend them immediately), you're helping raise the eventual "mean" that is referenced in the above graph. The bitcoin is a potentially very profitable environment for dealers, as you can sell a $10 item now and a month later, with raised bitcoin prices, have effectively sold that item for $20,$40,$100 or more. By buying items you're raising demand for buisness, and by raising demand for buisness, you're helping the bitcoin become globally accepted.

I can agree that price is very manipulative and unstable depending on many things, but the Bitcoin as a currency and investing outside will not fail because it is too widely spread and too many people are interested in it.

[Nakakapagpabagabag]

I don't think big holders (whales) let gonna crash bitcoins. They are the major party currently controls the bitcoin price.

Yep, people like them won't make Bitcoin go down since they really invested big enough. And just imagine that only few people know about Bitcoin. What if everyone will notice it? Just imagine.

Big whales really make bitcoin go down, for them to harvest bitcoin on the panic sellers, for them to earn big profit when the price of bitcoin increase. But the dropping of bitcoin does not mean its going to die. Bitcoin wont crash for now because bitcoin dont have competitor. I said now because as you can see, the technology now is upgrading fast, as the technology upgrades, many opportunity will come, so its possible that bitcoin will be bright or not, because someone might create bitcoin competitor.

[Emanammy]

They chose Bitcoin a while back (as have most people) because they view it as a true store of value. Digital gold. This has proven true thus far.

[DJ_Rick]

i think that the information you have wrote is really useful and i agree that it won't crash so easily. in the nearest future the price will grow and we will see changes soon. i wish to admit that i am waiting for them

[bright4mech]

Bitcoin Platform- is a decentralized system which involves a blockchain and consists of several smart-contracts in the perimeter of the block chain and its own crypto currency, And the platform is a system product created by a consortium of the most powerful, competent, and experienced logistic companies and organizations all over the world.

[Ava Duvall]

I don't think big holders (whales) let gonna crash bitcoins. They are the major party currently controls the bitcoin price.

I think 4,000,000 Bitcoins which were purchased before 2011 will be sold.

i would agree. they should me sold but it all depends on the market

[chnexus]

 I believe we have sufficient correction already. After touching the side-wards support line, BTC has a good chance to move into 9,000+ level.

[Lorna111]

I don't think big holders (whales) let gonna crash bitcoins. They are the major party currently controls the bitcoin price.

I think 4,000,000 Bitcoins which were purchased before 2011 will be sold.

i would agree. they should me sold but it all depends on the market

 Bitcoin is the most stable among the ALT coin as posted in the market, the fundamentals, market structure, the blockchain technology secured with the most advanced system, it is decentralized and number one among crypto coin as posted in the market. It hard to believe that Bitcoin will crash even with a lot of issues confronted on everyday trading. Bitcoin wont crash because of the support system.

[Jonnitor]

bitcoin wont crash because many people and investors believe in bitcoin. Bitcoin is the foundation of all cyryptocurrencies. so i think bitcoin wont crash neither left out.

[Hendrahendri]

Head of international economist Deutsche Bank Torsten Slok revealed, several risks that will be faced in the next year are bitcoin crashes, high inflation, and geopolitics of North Korea.

This year, bitcoin became a phenomenon. Reinforcement of this virtual currency reaches 1,000 percent since the beginning of the year with a value that strengthens up to thousands of US dollars in just a matter of hours. Because sangking many bitcoin demand then bitcoin will not cras

[HDContent751]

Bitcoin will be used as fiat in future in bulk amount, so the possibilities of getting crash will be not easy.

[StrongImagine301]

People from all over the globe invested and currently investing in bitcoin. So it can be said that it won't crash.

[AfterHot542]

I don't think btc will crash very soon or will crash one day.

[GreenHarbor57]

it will be very hard to accept the crash of btc as many people have invested their money in it.

[GalacticSight909]

 I am with all of them who believe that btc will never crash.

[Romeotom]

I would agree with your mind Actually I have to read in some articles some good investor already leave him,and bitcoin supply big decrease in the year.this year fully crush with selling supply bitcoin.

[Harpawan]

Blockchain technology is secured by the most advanced systems, it is decentralized and number one among the crypto coins as posted on the market. It's hard to believe that Bitcoin will crash even with the many problems encountered on day trading.

[heppot]

Bitcoin has fallen several times. Since its publication in 2009, Bitcoin has experienced massive cyber attacks, scam activities, and falling prices.
Once in 2011 the price of 1 BTC up to 31.91 USD, then dropped to below 2 USD. I think it will be the same in the future.

[centurionlaw]

Bitcoin won't crash because investor are really hungry for bitcoin, demand is increasing day by day because bitcoin made a huge impact on world's economy also many peoples are earning from trading if we see bitcoin price history than its continuously increasing best growth was $20000 in December 2017. price is depend on demand and supply so more demand give more value to bitcoin.

[nexus5chetan]

Bitcoin will not crash to zero at all ever because market will keep on growing with ups and downs. I am not very sure about the crash though.

[DrGuns4Hands]

So, obvious – people would still used bitcoin in terms of investment, trading, finances, and etc (even in tech stuff). We should always see the bright future of bitcoin since it is the future of monetary and finances world where everyone will used bitcoin as an alternative means of transferring money, buy house & car or real properties, used in transforming the world and many more. Further, we cannot say that it will crash – so long that people will used bitcoin, most probably it will not be destroyed nor be eliminated in the history.

[jmvzlfyg]

I think bitcoin won't collapse because the bitcoin's system has built up a powerful base of computing, and bitcoin has made most people have a trusted Gongshi in the community.

[Qcrypto]

Bitcoin has a successor. Bitcoin Cash.

[tncbitcoin]

Bitcoin will never crash or collapse in which big holders will not definitely make that happen. Also with the timeline happening right now with the pending ETF approval in which many users will eventually get on board on bitcoin trading if approved.

[Dexion]

when bitcoin gets a good response from the public and the public demand for crypto increases high, then bitcoin will not crash.

the whales are controler of the market, every crypto transaction creates positive space and value, so the existence of the crypto world always survive.

[Gotumoot]

So, obvious – people would still used bitcoin in terms of investment, trading, finances, and etc (even in tech stuff). We should always see the bright future of bitcoin since it is the future of monetary and finances world where everyone will used bitcoin as an alternative means of transferring money, buy house & car or real properties, used in transforming the world and many more. Further, we cannot say that it will crash – so long that people will used bitcoin, most probably it will not be destroyed nor be eliminated in the history.

Bitcoin wont crush for now, because we know that bitcoin dont have competitor. And the technology now is upgrading fast, so the future of bitcoin is maybe bright or not, because as the technology upgrades, more opportunities will come, so its possible that someone might create bitcoin competitor, and because of that bitcoin might fall.

[Maricel2017]

Continuous using bitcoin then it wont be wasted. Specially bitcoin now treated as global currency because there are lots of people in different country are using this digital currency and this also part of business by somebody which everyday has a transaction which may help the progress of bitcoin will be better and it wont crash even there is dumping of value still bitcoin is still stronger.

[Aztek]

Bitcoin will be used as fiat in future in bulk amount, so the possibilities of getting crash will be not easy.

 Nice thread, informative, educational, a well style post, my one cent of opinion, Bitcoin had able to survive the beating after the beating on a lot of issue posted like the issues on Banned, Scammer, Hackers,and the most critical issue being confronted by Bitcoin is the issue on Regulation by the government financial institution whom critical to the entry of Bitcoin into the mainstream market. with the solid Fundamentals, market structures, and Volume of Market Capital on the market, not to mention the high level of confidence by the investors into the crypto market. This justification just a few among other indicators that support the Bitcoin into the crypto market.

[yoshua27]

because bitcoin can be used to invest and transact throughout the world

[FedorIzmailov]

it is interesting to read what people wrote about Bitcoin in 2011. Bitcoin is definitely not hacking, it became much more common among the masses

[victoryana]

Bitcoins do not collapse because bitcoins are developed on a digital platform with high security and what bitcoins bring us is very useful, which is why we will still invest in bitcoins. Future and bitcoin will exist

[Marlo0619]

Because bitcoin is used by thousands of people and there are also many users that will invest or are investing in here. Bitcoin keeps on updating and it will never stop serving people, giving the users an extra income so that it will be known all over the world. Bitcoin will never end.

[chnexus]

there's 100s of millions of dollars waiting to get in below $6k... we won't go below $5k

[Kprawn]

OP, have posted this back in June 09, 2011 and it is still relevant today. I think since then, we had our fair share of

mini crashes, so we know how to deal with this. Just keep hoarding until the price increase to a level where you can make a

profit. You only lose money, if you sell at a lower price than what you bought it for, so my advice is to hoard as long as you

can. 

[-Newera-]

OP, have posted this back in June 09, 2011 and it is still relevant today. I think since then, we had our fair share of

mini crashes, so we know how to deal with this. Just keep hoarding until the price increase to a level where you can make a

profit. You only lose money, if you sell at a lower price than what you bought it for, so my advice is to hoard as long as you

can. 

I feel the same way. As long as the coins are held without selling them, you have virtually no loss. And that's why HODL

[costanos02]

Bitcoin will never crash simply because no one controls it, not people nor government, and bitcoin design as a form of descentralized system. It can be easily used by people anywhere in the world.

[dodongrrr]

How come people are saying that bitcoin will not crash were in fact the market value of bitcoin last year have reached almost $20000 but now it  drops to $7000 so the market price difference is quite big and it proves that bitcoin encounter a huge drop.

[perova93]

I can say that bitcoin can never die, because we must soberly understand that the system of blockages on which all the crypto currency is built is our future and without this we can not do it any more.

[joshua0502]

bitcoin is the first coin in crypto society and it has the highest price rate on the market among the digital coins. and a lot of investor using it as their primary coin for investing. bitcoin had so many successful project from ICO's. bitcoin also can use for some transaction around the world. and from some point, bitcoin has a possibility to become a national currency if the other countries are agree into it.

[ArifNewaz]

Nothing will happen. Don't worry, Bitcoin wont crash, and it wont be the end.

World war 3 will destroy us before this happens

[cryptodigitz]

A combination of factors makes the bitcoin currency very crash resistant.

A crash would occur under a mass sell out. Considering a very significant event that undermines the security of the bitcoin system would have to occur for a mass sell out to be rationally justifiable, such as a government or other powerful group/individual spends massive resources to break the system, a hacking or some form of take down on mtgox occurs that involves many losing their bitcoins, or some entity creates a quantum computer capable of breaking the SHA256 encryption in reasonable time and starts targeting bitcoin accounts, I think it's safe to say with a very high probability (at least at the current state of events) that a mass sell out would occur due to snowballing speculation/panic selling combined with or initiated by large investors getting their bitcoins out.

Such a mass sellout will happen from time to time due to natural market movements. However any massively significant crash, such as going from 30$/bitcoin to <1$/bitcoin or even <5$/bitcoin is very unlikely because of one thing... the community.

In order for the bitcoin to crest and crash the market would have to be overtaken by speculative investors. And by overtaken I mean a significant majority of all bitcoins must lay in the hands of these speculative investors. Only then will the sell rate be unsustainable and have no buyers to keep up with it. However, due to the bitcoin architecture, the strongest currently are early adopters. Many of these people have a vested interest not in just making a quick buck, but to see the bitcoin be adopted globally. At the current moment, with these people in control, the bitcoin will not crash. There isn't enough market initiative sufficient to make it crash.

This means we have NOT REACHED the start of a bitcoin bubble as of yet. It will happen, as the bitcoin gets more popular, and the balance of power shifts over to more powerful investors, that market activity will get even more extreme than is now. But whether or not that balance of power shift that would allow a massively significant crash to occur... could even occur, is debatable.

The graph on http://buttcoin.org/im-going-to-post-this-update-so-you-can-follow-along-at-home is actually pretty accurate. The thing is the "mean" for the "return to the mean" phase has not been reached, and you can help that mean be as high as possible by doing the following.

WHAT YOU CAN DO:
1) For people with large vested interests in bitcoins: you should be aware that you have a lot of power on the market. Be aware of what you do, as any large actions could come back to bite you in the ass. But also be aware certain large actions could be necessary to save your investment.

2) For businesses: make using bitcoins to purchase things attractive. You could aim for simply breaking even or even selling at a slight loss based on the current market value of the bitcoin. Because there is potential for the bitcoin to rise in value significantly, you would be simultaneously offering customers prices that can't be beat, but also making a large profit as bitcoins rise in value. The only way this is sustainable is because bitcoin customers are growing exponentially. The bitcoin is increasing in value due to its inherent ponzi-scheme-esque exponential growth values. The only difference is that at the end (when the bitcoin is largely accepted and exponential growth becomes unsustainable) instead of a crash, the value stabilizes. 

3) For everyone: you don't need to have a single bitcent in your account for the purpose of hoarding to do this. Simply when you need to buy something, see if it's for sale using bitcoins. Then buy however many bitcoins you need and spend it on that item. If buisnesses follow what I suggested above, it would be the best deal your money could buy anyways! Or separate your investment account from your account for spending power. I think hoarding is a very proper thing to do at the moment, but realize if you spend bitcoins (even if you just buy them and spend them immediately), you're helping raise the eventual "mean" that is referenced in the above graph. The bitcoin is a potentially very profitable environment for dealers, as you can sell a $10 item now and a month later, with raised bitcoin prices, have effectively sold that item for $20,$40,$100 or more. By buying items you're raising demand for buisness, and by raising demand for buisness, you're helping the bitcoin become globally accepted.

Why the bitcoin won't crash because of it's demand. The demand of bitcoin affect the bitcoin's life so the bitcoin won't be crash. The bitcoin is very powerful because they can change any one's life just using and working here on bitcoin. The earnings of bitcoin cause the people to use it so the demand of bitcoin are continuously increasing. That's why the bitcoin won't be crash.

Saying the demand as the reason why it won't crash is like identifying the byproduct and ignoring the target product, there is something that pushed people towards demanding for Bitcoin and that is the Bitcoin technology the blockchain, people have confidence that it won't fail and so that's why they are demanding for BTC

[cryptodigitz]

The only thing that can crash the Bitcoin is anything that is capable of altering the security system of Bitcoin blockchain, other than that we can say that the system and the entire cryptocurrency cannot go extinct and therefore will not crash

[Ghondronk]

Simply, I would rather say that the stability, trust and the demand will make the Bitcoin stronger and will help it to prevent any possible crash in its market. As the pioneer cryptocurrency in the field, it has performed well during last 6-8 years and this has created a trust among the community on BTC. Ups and downs in monetary value can be expected in any market due to various reasons but demand which is governed by the above factors make it somewhat crash resistant.

[cryptochain5]

Bitcoin is a very new technology, even though the concept that it brings to life is decades old. The double spending problem has been solved; this means that it will continue to grow. and also bitcoin is the first coin in crypto society and it has the highest price rate on the market among the digital coins.

[The cure]

Simply because bitcoin is the strongest coin in digital world that gain a massive support from the community that bring bitcoin in a famous and valuable digital asset in crypto world. It won't crash as long as there are people keep on supporting it and patronizing . It will dump but it will pump again.

[Sweetyeds84]

I think bitcoin wont crash because there are so many good supporters that realy supports bitcoin and keep holding there coins and wont sell it in a lower price and they ard waiting in a very high price thats why they wont sell.

[scousesmoker]

I think bitcoin wont crash because there are so many good supporters that realy supports bitcoin and keep holding there coins and wont sell it in a lower price and they ard waiting in a very high price thats why they wont sell.

Of course, the future is for bitcoins, all fiat will die

[warkop121]

Bitcoin Platform- is a decentralized system that involves the blockchain and consists of several smart contracts on the perimeter of the block chain and crypto currency itself. Especially bitcoin is now treated as a global currency because there are many people in different countries using this digital currency and this is also part of the business by someone who has transactions that can help the progress of bitcoin every day and will not crash even there dumping is still a bitcoin value is still stronger.

[Ahimoth]

there's 100s of millions of dollars waiting to get in below $6k... we won't go below $5k

I think the very reason behind that is because of bitcoin's strong foundation. Well we all know that bitcoin has been through a lot so it will not be easy to crash it. Basically it's a strong system indeed that no one can destroy it easily. I think it's only the users interest that will make it crash because when no one is using it then it will go down.

[AliMan]

there's 100s of millions of dollars waiting to get in below $6k... we won't go below $5k

Well basically it's because of bitcoin's strong foundation that make it really great. It's not easy to crash it because of the past problems that it faced. I think the greatest weapon of bitcoin for it not to crash it its loyal user. Definitely if the users are using it then it will continue to function. Lastly there's a lot of bitcoin left until now.

[Carlos Hailey]

Nearly all alt coins price based on btc prices so of btc falls to the pit of darkness everthing follows. but here is the catch. if you wanna getout you have to change your alt to btc first. therefor btc prices will rise because of incresing demand. wait it was in the pit just a moment ago. butnow it rised because somany people wanted to getout.

[d0flaming0]

OP, have posted this back in June 09, 2011 and it is still relevant today. I think since then, we had our fair share of

mini crashes, so we know how to deal with this. Just keep hoarding until the price increase to a level where you can make a

profit. You only lose money, if you sell at a lower price than what you bought it for, so my advice is to hoard as long as you

can. 

i highly agree. it is also unpredictable what the market will happen for the next but most of us already know how to handle this kind of situation. Losing is also part of this prpcess but if you have knowledge and just keep your mind straight you wont be that much affected on that scenario.

[Edward Wilkins]

The whole point of cryptocurrencies is that it's the new wild west. There are no rules. Nor should they be. It's a free market, one of the few left, thanks to the internet, which has been mostly a free market as well.

Let it work. It will work. There are growing pains. but cryptos are going to win in the long run.

[jcarlo]

Bitcoin is most favorite coin to invest in market by investor. But from highest price, i think bitcoin price already drop more than 60% but compare with bitcoin price at early 2017, bitcoin price still give a big gain more than 6x

[Voidcrafter]

Nice essay.  My philosophy has been to sell/spend 50% of my mining proceeds.  That way, I'm not hoarding and driving the price up nor dumping and driving it down.  I've covered my equipment investment costs but still have some coins should Bitcoin continue to do well.  I do kinda regret all those coins I sold for less than a buck though. 

I'm sorry for you, that would have sold the coins very cheaply. I believe that you have gained invaluable experience that has taught you how to act today and in the future. Personally, I was not engaged in bitcoin mining, I earned bitcoins on my sites. by advertising for bitcoins, and at that time I took all the bitcoins, too, exchanged for dollars and lived on the money. I can also say I regret that I did not hold these coins.

[Missterio]

I think there are many factors. Bitcoin is used all over the world and just so it can not collapse

[WiseFoxxy]

The whole point of cryptocurrencies is that it's the new wild west. There are no rules. Nor should they be. It's a free market, one of the few left, thanks to the internet, which has been mostly a free market as well.

Let it work. It will work. There are growing pains. but cryptos are going to win in the long run.

And that's exactly what makes it work. It's a good thing for the principle, but a bad thing for those who don't think about the consequences of not protecting themselves. The Wild West wasn't easy to survive in, especially if you wanted more. You can't exactly be running around naked and hoping to collect assets.

When people adapt to the climate and understand better how to protect themselves we'll have a more stable trading environment. Part of this is realizing the responsibility they have for their security, and the unique features crypto has that fiat doesn't in terms of transactions and usage.