Why Bitcoin price may not crash like 2013

[noormcs5]

People that are trading way back 2013 are veterans now, assuming they were newbie back then, and somehow Chinese News have less effect to them than year 2013.   In addition to that, there are more people that is supporting bitcoin today and are willing to catch those weakhands coins.  As result, price never go down to sub $700.

You are right. 2013 to 2017, 4 years of bitcoin journey. Bitcoin has gained popularity , interest and confidence of million of users. Also there are now lots of sites which accepts bitcoins and also sites which solely relay on bitcoins like Dice Sites, Bitcoin bets etc. All these things will never let the bitcoin price down now.

[1714897220]

1714897220

[1714897220]

1714897220

[1714897220]

1714897220

[1714897220]

1714897220

[1714897220]

1714897220

[SvenBomvolen]

   Indeed bitcoin seems much stronger now then back then, and along with that bitcoin have much more followers now, and bitcoin is accepted on more places now then back then. This 3 factors are big enough reasons why bitcoin will not face the same crash like 4 years ago.
   And looks like price is recovering, bottom was under 800$ and until then price is going up. Now we are around 900, last night when I look price was couple dollars more, today (now) price is little under 900$.

[Carmen_Sandiego]

People that are trading way back 2013 are veterans now, assuming they were newbie back then, and somehow Chinese News have less effect to them than year 2013.   In addition to that, there are more people that is supporting bitcoin today and are willing to catch those weakhands coins.  As result, price never go down to sub $700.

Crash of 2013 wasn't caused by inexperience of traders. It was caused by Mt.Gox collapse (among other things).
We all know that during ATH Mt.Gox was already out of commission and wasn't processing selling orders at all.
Soon after that price of BTC collapsed.

Yeah, back then things were harder for Bitcoin for a lot of reasons. There were few exchanges. Mt. Gox, the most popular at the time, was manipulating the price, according to some people who study the market, until the house of cards collapsed. But luckily things have changed a lot since then.

[jakelyson]

~snip~
Yeah, back then things were harder for Bitcoin for a lot of reasons. There were few exchanges. Mt. Gox, the most popular at the time, was manipulating the price, according to some people who study the market, until the house of cards collapsed. But luckily things have changed a lot since then.

I think that is the main difference. Back then, there are very few users and exchanges, that makes the market easily manipulated. Right now, the users are diverse and there are different exchanges. SO one exchange manipulating the price does not have that much effect compared before. If ever one gets hacks, the price may drop but we can recover quickly from it. Unlike in 2013, we got stuck in a low price for too long.

[Mr.grin]

probably because this is a pure price increase. in 2013, the price of bitcoin manipulated such that the price reached $ 1,000. but this year, the price of bitcoin ride height by itself. so, I think the decline that occurred in recent days, caused only by panic selling.

[bravehearth0319]

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

So far the price of Bitcoin ranging only in between 800$ to 900$ and up. fro what happened way back 2013 it will also be happen now this 2017. It is because the demand of the community is rapidly existingly happening now.

[Reatim]

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

So far the price of Bitcoin ranging only in between 800$ to 900$ and up. fro what happened way back 2013 it will also be happen now this 2017. It is because the demand of the community is rapidly existingly happening now.

The bitcoin price is rising slowly, so it will not crash a lot.