ijphlrnxewho (OP)
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March 06, 2013, 06:04:57 PM |
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His majesty the King Cuong Truong wants to know:
"Is it possible for Bitcoin price to fall or crash? if so, how?"
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greyhawk
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March 06, 2013, 06:05:53 PM |
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No, it can only go up uP UP!
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zeaster
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March 06, 2013, 06:08:15 PM |
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Why?
We actually sow some plummeting in the past exchange rates......
Zeaster
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JohnCoins
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March 06, 2013, 06:15:00 PM |
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There's no way it could crash!
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Blazr
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March 06, 2013, 06:16:08 PM |
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"Is it possible for Bitcoin price to fall or crash? if so, how?"
In this world, everything is possible. Except for a BTC crash of course.
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Newscastix
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March 06, 2013, 06:23:15 PM |
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Of course it can crash... but when, how low, and for how long it does stay that low... no one knows yet... i think long term it will go up again.. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) so a crash is good to stock up on some coins...
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JohnCoins
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March 06, 2013, 06:26:42 PM |
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I really do think we can all be confident that after today a bitcoin will never be worth less than $50
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hpark4
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March 06, 2013, 06:35:41 PM |
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Bitcoins can certainly fall. How much it falls depends on your calculations but a good estimate is to use the % change in price over total price of historical price change data compared to figures like volume of trade and such. Right now it's tough for anybody to figure out when the recent boom is going to stop but it seems a great number of people are starry-eyed. A crash? I couldn't even begin to tell you if that could happen, especially with so many investing not only their money but their time through the huge number of services like merchant websites, escrow services, ease of payment services for bitcoins, gambling sites, all sorts of sites. Once people invest not only their money but their time and interests, a niche market like this is usually around for the long run.
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alcibiades
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March 06, 2013, 06:38:49 PM |
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I just sold everything except my profits from buying over the last two weeks. Now I'm playing with free money.
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baumberg
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March 06, 2013, 08:30:49 PM |
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Yes it can go down. Do not spend money you can not afford to loose. In the longer run price might go up (I think it will), but you might be needing the money sooner then that (depending on how much you buy).
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Puppet
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March 06, 2013, 08:35:23 PM |
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Impossible. never happened. Ever. Well.. at least not this year. ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fsgtreport.com%2Fimg%2Fbitcoindeath.png&t=665&c=e48tWOTIKqBLWA)
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ehoffman
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March 06, 2013, 08:45:57 PM |
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It's always possible... It's crashing right now! Well... Let's see how low it goes before bouncing back up ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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Like my comments? Cheer me up at 137s1qFV63M6SXWhKkwjaZKEeZX23pq1hw Don't like my comments, donate to the BCRT (better comment research team) here at 1A1PbZypjEe7yanj69ApVS1FhK8UMW7Wdc ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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artgoodluck
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March 06, 2013, 08:49:17 PM |
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As the same 'the value of investments can go up as well as down'
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peewee
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March 06, 2013, 10:00:18 PM |
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It will drop significantly in two months or so when the ASIC miners start converting....not that they can swing the market by themselves but it will create enough momentum to devalue the bitcoin 20 or 30% ...it will rebound after that slowly again.
Crash...only if we lose the integrity of the algorithm (large entity takes it over) but they would be undermining their own expenditure. The exception being a government entity (luckily bitcoin is irrelevant in terms of the major economic contributors to world, US, China, Japan, etc..)
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RodeoX
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The revolution will be monetized!
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March 06, 2013, 10:08:31 PM |
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I'm bullish in the long run and ignorant in the near term.
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gnarcoinguy
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March 06, 2013, 10:23:54 PM |
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I'm bullish in the long run and ignorant in the near term.
i like the cut of your jib
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RodeoX
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The revolution will be monetized!
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March 06, 2013, 10:30:34 PM |
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I'm bullish in the long run and ignorant in the near term.
i like the cut of your jib Ahoy [holds up snifter of brandy] ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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LordGobbletooth
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March 07, 2013, 01:18:49 AM |
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It should correct itself at some point, probably around the 30 mark. The bubble was expected, but with any luck it will go back up in another month.
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ikevinc
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March 07, 2013, 01:27:56 AM |
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I hope it does... price of bitcoins is so high.. ![Sad](https://bitcointalk.org/Smileys/default/sad.gif) I wanna buy some!
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Adrian-x
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July 04, 2013, 07:26:12 AM |
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Impossible. never happened. Ever. Well.. at least not this year. ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fsgtreport.com%2Fimg%2Fbitcoindeath.png&t=665&c=e48tWOTIKqBLWA)
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Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
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