Why Bitcoin price may not crash like 2013

[hl5460]

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

[Velkro]

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

[GMPoison]

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

I don't think it's going to crash like it did in 2013 at all. Last time bitcoin rose from $200 to $1200 in one month which is part of why it crashed so hard. This time it's taken over two years. This is why I don't think it's going to crash at all. It's taken years for it's price to slowly and healthily rise, despite the bad reputation it's been given after 2013. I think this price is here to stay.

[Digitalbitcoin]

As per I think personally as First of all Bitcoin is most predefined successful experiment combined with blockchain and cryptography technology. In 2013 people who help to reach price of Bitcoin to $1151 and then dump to $211 till 2014. But after well advertisement, awareness and advantages  of blockchain technology with various application and few Organization participation along with altcoin creation, bitcoin become master currency among crypto market. Due to long sustainability with promising features, bitcoin become popular so currently have no chance to happen crash like as 2013.

[Digitalbitcoin]

As per I think personally as First of all Bitcoin is most predefined successful experiment combined with blockchain and cryptography technology. In 2013 people who help to reach price of Bitcoin to $1151 and then dump to $211 till 2014. But after well advertisement, awareness and advantages  of blockchain technology with various application and few Organization participation along with altcoin creation, bitcoin become master currency among crypto market. Due to long sustainability with promising features, bitcoin become popular so currently have no chance to happen crash like as 2013.

As well people are interesting to enter in to new era of economics and revolutionary finance system. This interest giving born to new decentralized platform and other various perspectives which are beneficial for future of human being with more control and transparency.

Currently bitcoin have biggest share of market capital and in future it will increase rapidly.

[pooya87]

the biggest problem with people these days seems to be that they know all about the price coming down from $1200 in 2013 but for some reason they don't know (or don't want to know) why price went up that time and how it went up. they just heard about the drop and never bothered to look at a chart after.

[Yakamoto]

I doubt it'll crash like 2013, especially considering that right now we're looking at something otherwise unprecedented and completely new to what we'd normally see from Bitcoin.

2013 was also heavily manipulated by bots, while this recent rise appears to be mostly organic and there appears to be a lot of normal buy orders and sell orders made by real people, and not algorithms. They have a part, but it seems like people are finally, really invested.

[hl5460]

I doubt it'll crash like 2013, especially considering that right now we're looking at something otherwise unprecedented and completely new to what we'd normally see from Bitcoin.

2013 was also heavily manipulated by bots, while this recent rise appears to be mostly organic and there appears to be a lot of normal buy orders and sell orders made by real people, and not algorithms. They have a part, but it seems like people are finally, really invested.

Good point.  Another difference, as pointed out by TD, is that we have all sorts of derivatives like longs and shorts.

http://8btc.com/forum.php?mod=viewthread&tid=6470&page=308#pid587066

[Kakmakr]

The last time we saw these prices, it was artificially pushed by the Willy bot and not human intervention. This time, no bot seems to be pushing the price, so it might just last a little longer than before. We might also just see some higher prices, if this trend continues.

Uncertain economic times will always push people to invest in safe havens and Bitcoin as a commodity has proven itself as a commodity that can retain value in uncertain economic times. ^smile^

[harizen]

..2013 was also heavily manipulated by bots, while this recent rise appears to be mostly organic and there appears to be a lot of normal buy orders and sell orders made by real people, and not algorithms. They have a part, but it seems like people are finally, really invested.

Yes I might agree in this part. Although we can still seeing some attempt of manipulation, it was only a triggering thing now and can't dictate the output as a whole. Meaning at least in most of the cases, there are real investors putting some money in this cryptocurrency and increasing more while time passes by.

This is totally different way back 2013 where volumes can be faked and it's quite easy to make a FUD that makes people panic whether to act like a bull or a bear.

[Pumpkinetic]

The last time we saw these prices, it was artificially pushed by the Willy bot and not human intervention. This time, no bot seems to be pushing the price, so it might just last a little longer than before. We might also just see some higher prices, if this trend continues.

Uncertain economic times will always push people to invest in safe havens and Bitcoin as a commodity has proven itself as a commodity that can retain value in uncertain economic times. ^smile^

Dont kid urself. Its all bots. Do you think china really trades over 30 million btc a day? Thats laughable.

[Rizky Aditya]

Bitcoin has taken a long time to get to the price that it is at now. Back in 2013, Bitcoin was younger and the price was rising much much faster and when it started to go down, it just crashed. I don't think that the same thing will happen because the price is steadily going up instead of jumping up a lot in one go.

[Rooster101]

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.

[NUFCrichard]

It might not as, so far, the price increase hasn't gone exponential yet.  The curve is steepening though, 40% in a month is a big increase.
Everyone needs to decide for themself if they are happy sitting on paper profits that might crash in value, or if they want to have a fiat profit.

If the price crashed to $700, we couldn't really complain. I personally want to see a crazy bubble like last time, something like $4000 per coin would be great, even if it wasn't sustainable.

[Herbert2020]

The last time we saw these prices, it was artificially pushed by the Willy bot and not human intervention. This time, no bot seems to be pushing the price, so it might just last a little longer than before. We might also just see some higher prices, if this trend continues.

Uncertain economic times will always push people to invest in safe havens and Bitcoin as a commodity has proven itself as a commodity that can retain value in uncertain economic times. ^smile^

Dont kid urself. Its all bots. Do you think china really trades over 30 million btc a day? Thats laughable.

the huge volume any of the exchanges report has some percentage of fake report in it without an exception and that is mostly for publicity and competing with each other in ranking. and also i have to add that those Chinese exchanges that you are looking at have 0 trading fee and that makes any trade with even smallest change easily doable hence increasing the trading volume 10 times more.
but it has not much to do with the price rise of bitcoin.

[davis196]

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

Bitcoin now has more users compared with 2013.

More users means a more stable market and therefore a more stable market price.

That doesn`t mean that the btc price won`t go down in the future.

[Dudeperfect]

I am fan of fundamental analysis and I partially agree with your statement on the note that bitcoin won’t crash like 2013 but I think (probably Einstein thought that before me) every action has equal and opposite reaction so if bitcoin has risen $1000 then it will at least fall by 10% or 20% in the near future and then will head towards new record.  

In simple example, it will grow like,
1 – 2 – 3 – 4 – 3 – 2 – 4 – 5 – 6 – 7 – 8 – 7 -6 -7 -8 - 9

and not like,
1 – 2 – 3 – 4 – 5 – 6 – 7 – 8 – 9 – 10 – 11 – 12 - 13 -14 -15 - 16

[Harlot]

Well for starters anything who has price action can have it's footing known as a support. Through out the years Bitcoin will develop it. It is like a common ground in which the price will bounce back when it touches the invisible line. Also we can say that Bitcoin is still on its up trend we don't need to worry to another crash with Bitcoin. And with a price crashing we can take advantage of it by buying more Bitcoin on a cheap price.

[hl5460]

Well for starters anything who has price action can have it's footing known as a support. Through out the years Bitcoin will develop it. It is like a common ground in which the price will bounce back when it touches the invisible line. Also we can say that Bitcoin is still on its up trend we don't need to worry to another crash with Bitcoin. And with a price crashing we can take advantage of it by buying more Bitcoin on a cheap price.

But for a total newbie, it will take lots of courage to pay 1100 USD for just one bitcoin.

[justdimin]

It must be complete foolishness if we expect exact things to happen like 2013. Still I expect similar patterns to happen. Like new ATH and then some pull back. But why not we expect the new ATH above $2000 or even $10k levels.

Anyway this gives me extra hope to keep on holding my bitcoins. I will be tension free like whether to book profits or just carry on. I will holding tight.