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Author Topic: Why the bitcoin won't crash.  (Read 1919 times)
Kprawn
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August 02, 2018, 03:24:41 PM
 #41

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.  Wink

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August 02, 2018, 03:36:25 PM
 #42

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.  Wink

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

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August 02, 2018, 03:44:06 PM
 #43

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.
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August 02, 2018, 03:49:22 PM
 #44

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.
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August 02, 2018, 04:32:25 PM
 #45

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.

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August 02, 2018, 05:15:09 PM
 #46

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.
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August 02, 2018, 06:01:21 PM
 #47

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
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August 02, 2018, 06:11:56 PM
 #48

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

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August 02, 2018, 06:19:10 PM
 #49

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

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August 02, 2018, 06:29:42 PM
 #50

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
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August 02, 2018, 07:47:22 PM
 #51

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.
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August 02, 2018, 09:34:41 PM
 #52

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.

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Sweetyeds84
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August 03, 2018, 10:17:47 AM
 #53

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.
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August 03, 2018, 10:23:44 AM
 #54

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

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August 03, 2018, 10:26:08 AM
 #55

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.
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August 03, 2018, 10:28:23 AM
 #56

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.

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August 03, 2018, 10:33:40 AM
 #57

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.

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August 03, 2018, 10:50:25 AM
 #58

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.
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August 03, 2018, 10:51:48 AM
 #59

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.  Wink
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.

  
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August 03, 2018, 11:00:20 AM
 #60

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.
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