Why Bitcoin price may not crash like 2013

[CraigWrightBTC]

The world were changed, today is 2017 and many people, countries, corporations, investors that adopted bitcoins.
So  bitcoin's price will not back to $200 is like 2013 although it is just prediction,
But many new exchangers, new comunities of digital coins and bitcoin become benchmark for other coins.

[1715578618]

1715578618

[1715578618]

1715578618

[1715578618]

1715578618

[Lain33]

@OP, you need to change your title to:

Why bitcoin will crash like 2013


LOL

Looks like a crash is happening! I'm just surprised how many of these long-time forum members ARE so wrong to say crashes will never happen now. Who wants to buy $1000 bitcoins? Most people in the world can't even afford to buy toilet papers, let alone expensive virtual coins for thousand dollars a piece.

Those people should buy bitcoin, then they can afford more one day

[MFahad]

The world were changed, today is 2017 and many people, countries, corporations, investors that adopted bitcoins.
So  bitcoin's price will not back to $200 is like 2013 although it is just prediction,
But many new exchangers, new comunities of digital coins and bitcoin become benchmark for other coins.

In 2013, Bitcoin was not as popular and trusted as it is now in 2017. So at that time people sold all, thinking it can be the End of bitcoins but now in 2017 everyone knows that bitcoin is the future of digitial world and there are lots of bitcoin shops and projects in progress which make it impossible for bitcoin to crash badly.

[Tmdz]

A lot has happened in those 4 years.

Many people have joined the bitcoin world and halving occurred recently.

[PokerFace3]

A lot has happened in those 4 years.

Many people have joined the bitcoin world and halving occurred recently.

Yes, the bitcoin community must be bigger than what we had three years back. This will definitely support bitcoin prices not to fall in similar manner. I guess this mass adoptions reason must be more than enough for bitcoin prices to hold at current levels itself.

As per 200 days moving average, if prices sustain above $800 will lead to $900 and $950 so easily.

[snipie]

There is many reasons that can answer this question and mainly because :
1- there is no Mtgox
2- more users, more volume exchanged...

[darkangel11]

There is many reasons that can answer this question and mainly because :
1- there is no Mtgox
2- more users, more volume exchanged...

The greatest impact on the crash had China and their fake bans every month. The fall was started by Gox, but was continued by the lack of positive news that caused an outflow money from bitcoin to fiat.
Take a look at the charts from 2014. The initial wave, we could call it Gox wave, took us down from around 1150USD to 450USD between December and May. By that time the Gox situation was clear, they were out of the picture. The real depression started in August 2014 and dragged the price below 200USD.

[kryptqnick]

Yeah, I've heard the stories that at that time it was sort of a fake price growth. I mean, the price really hit $1k+ but it was due to some circumstances and now it is just the real price. The price is dropping but it is not dropping that fast. And yet it seems too unreal to me that the price can really be around $1k stable now. People don't trust bitcoin that much. They do like such a price but the problem is that they don't believe it is going to grow even more and spoil everything by their selling.

[KennyR]

Compared to those days bitcoin is less volatile as well its user rate, adoption, acceptance and investment through bitcoin has increased to higher extent. This helps the price to stabilize in a short time, if something happens similar to a crash too.

[wikireseller_to]

The biggest problem with 2013 was that it went up like 4x within 1 month. All driven by madness at MtGox. In retrospect Bitcoin was not ready for $1000 in 2013. It's more than ready today.

[babsalt1975]

The price of Bitcoin has given very unfamiliar trends in the currency prices across the globe. I think it will not crash like it did in 2013 but will continue having unpredictable behaviours and therefore predicting will be very difficult.

[CyberKuro]

Several factors including China’s economic situation have made the Bitcoin surge different from what was the case in 2013 when the price first rose above the $1000 tag but later reversed. As a result, the rising price of Bitcoin today is not likely to suffer a similar fate. Going by its record up till 2016, Bitcoin has put several economic theories in doubt and come up with an established price that cuts across multiple exchanges. Below are some of the observed factors that made it happen:



http://news.8btc.com/why-bitcoin-price-may-not-crash-like-2013

What happened in 2013 is different with this year, price crash were occurred due to an exchange got hacked.
So, if this year there is security issue again, the price will fall down for sure.
Those factors mentioned affected bitcoin in certain way to developing but not to hold the price.

[Harry Callahan]

Still the bitcoin is vulnerable to crash but not big like the one that happen in 2013 and in bitfinex hacking. Some factors like increased acceptance, limited supply and uneasy world economy will continue to push the bitcoin price upward.

The price of bitcoin wont crash like we have seen earlier because the volume and liquidity are really high than we had in 2013.The prices are recovering as we speak and i am sure the price will cross the $1000 mark in a couple of months time.

[Zadicar]

Still the bitcoin is vulnerable to crash but not big like the one that happen in 2013 and in bitfinex hacking. Some factors like increased acceptance, limited supply and uneasy world economy will continue to push the bitcoin price upward.

The price of bitcoin wont crash like we have seen earlier because the volume and liquidity are really high than we had in 2013.The prices are recovering as we speak and i am sure the price will cross the $1000 mark in a couple of months time.

This is true bitcoin wont crash its price just like on 2013 same as you said because it do really have a good support and now it gradually increasing again and reaching again the $1k price which really makes me excited thats why its the best time to buy more bitcoin if we like to earn profits when bitcoins price hits again the mark.

[maku]

all rapid grows in a market must have rapid lowering of price, action = reaction
but i agree, this time it is more value gains than speculation, it will be lowered but no to 500$ range or 700$ range but maybe to 800$ only

This time crash was created not by market collapsing under pressure of but rather was created by bad news of imminent bitcoin ban/harsh regulations issued by China.
We have no idea where this pump would end (I assume we would reach new ATH this time) if it wasn't abruptly ended by exaggerated rumors.

[Huge Black Woman]

I advise y'all ta shut yo black asses up an' HODL!  Thangs ain't totally different this time, but they a lil' bit different.   We spiked up, then we din't cras nearly as hard, an' lookie where we at rite naw.  Almost $900 again!!!

[1Referee]

The price of Bitcoin has given very unfamiliar trends in the currency prices across the globe. I think it will not crash like it did in 2013 but will continue having unpredictable behaviours and therefore predicting will be very difficult.

Never say never, but I don't rule out massive crashes from the level of going from +$1000 to -$200 in a relatively short period of time. Mainly because of the fact that this market is, and will always be subject to plenty of drama. One time an exchange gets "hacked" where the price starts tanking heavily, and another time fud news from China makes people sell like there is no tomorrow. It's no coincidence at all that it mostly happens after the price has gone up. It's a planned attack where the people behind it are making millions time on time again.

[Harlot]

Yeah, I've heard the stories that at that time it was sort of a fake price growth. I mean, the price really hit $1k+ but it was due to some circumstances and now it is just the real price. The price is dropping but it is not dropping that fast. And yet it seems too unreal to me that the price can really be around $1k stable now. People don't trust bitcoin that much. They do like such a price but the problem is that they don't believe it is going to grow even more and spoil everything by their selling.

Well the fake price growth are really not fake. Bitcoin's price can change it depends on how some people control it. Like in stocks there are people who are ready to buy and buy in order to fake a break out and later on they will be the once selling on top that is why it will go back down in just a matter of days. People can control the price temporarily but not permanently.

[snipie]

There is many reasons that can answer this question and mainly because :
1- there is no Mtgox
2- more users, more volume exchanged...

The greatest impact on the crash had China and their fake bans every month. The fall was started by Gox, but was continued by the lack of positive news that caused an outflow money from bitcoin to fiat.
Take a look at the charts from 2014. The initial wave, we could call it Gox wave, took us down from around 1150USD to 450USD between December and May. By that time the Gox situation was clear, they were out of the picture. The real depression started in August 2014 and dragged the price below 200USD.

For sure there is many implicated factors that may be common or not in both situation and I remember when bitcoin was at $200 and some people announced the end of the bitcoin's world
Anyway i see the price crossing $900 in barely all the exchanges now 

[GMPoison]

There is many reasons that can answer this question and mainly because :
1- there is no Mtgox
2- more users, more volume exchanged...

There is no MtGox? I haven't looked at the numbers but I'm confident that Coinbase has a larger if not equal user base than MtGox had, so they could pull something just like MtGox did, no? Or maybe because they're based in the US they wouldn't get away with it?