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Author Topic: Bitcoin crash coming?  (Read 3128 times)
MiBambino
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May 04, 2017, 06:14:06 PM
 #1

I'm looking at the charts, and BTC is rising at the same speed, or even faster than previous ATH's. Does this mean a crash could happen within the next few days? I'm not saying it'll drop back to around the 700's, but I wouldn't be surprised if it dropped back to 1200, 1300. What do you think?

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May 04, 2017, 06:30:09 PM
 #2

In a sense, I hope it does "crash" back down to $1,000-1,200... I'd love to pick up some more before another imminent growth spike Cheesy

The other top 10 cryptocurrencies, according to market cap, have also spiked in the past week, which is rare. Normally, when the prices of BTC increase, the other cryptos decrease. Don't know what the trends are going to be for this period, but this is something I haven't seen before. Could end up being a good thing for crypto...

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May 04, 2017, 07:00:57 PM
 #3

Big crash - We can't possibly know.

Correction - Likely.

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May 04, 2017, 07:04:29 PM
 #4

I'm looking at the charts, and BTC is rising at the same speed, or even faster than previous ATH's. Does this mean a crash could happen within the next few days? I'm not saying it'll drop back to around the 700's, but I wouldn't be surprised if it dropped back to 1200, 1300. What do you think?

No, we got a long way to go before this bubble pops.

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May 04, 2017, 07:05:54 PM
 #5

I'm looking at the charts, and BTC is rising at the same speed, or even faster than previous ATH's. Does this mean a crash could happen within the next few days? I'm not saying it'll drop back to around the 700's, but I wouldn't be surprised if it dropped back to 1200, 1300. What do you think?

No, we got a long way to go before this bubble pops.


true. We will have a crash upwards to the moon ^^

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May 04, 2017, 07:22:18 PM
 #6

I'm looking at the charts, and BTC is rising at the same speed, or even faster than previous ATH's. Does this mean a crash could happen within the next few days? I'm not saying it'll drop back to around the 700's, but I wouldn't be surprised if it dropped back to 1200, 1300. What do you think?

No, we got a long way to go before this bubble pops.



cool. thats what I was thinking

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May 04, 2017, 07:28:23 PM
 #7

I'm looking at the charts, and BTC is rising at the same speed, or even faster than previous ATH's. Does this mean a crash could happen within the next few days? I'm not saying it'll drop back to around the 700's, but I wouldn't be surprised if it dropped back to 1200, 1300. What do you think?

The current rise is nowhere near what we have seen in the past in the run-ups to ATHs; currently over the last couple of days we are up less than 10% each day; over the past month the total increase has only been around 40%.  Back in 2013 there were times where the price would double within a day, and daily fluctuations were at least 10%, day after day.

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May 04, 2017, 07:42:10 PM
 #8

Lol well here's your crash. Let's see how deep we will fall this time.

I've been warning people not to invest in outdated unscaleable tech like bitcoin.
I guess who doesn't want to listen will have to feel it in his wallet.

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May 04, 2017, 08:05:19 PM
 #9

Lol well here's your crash. Let's see how deep we will fall this time.

I've been warning people not to invest in outdated unscaleable tech like bitcoin.
I guess who doesn't want to listen will have to feel it in his wallet.

Like when you said don't buy at $200?

We are going to correct the next few days but this bull run is not over.
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May 04, 2017, 08:44:51 PM
 #10

i think most of us will be more happy if bitcoin gets crashed, because we will be having alts pumped
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May 04, 2017, 08:53:35 PM
 #11

Drop to 1200-1300$ wouldn't be some seriouse crash for bitcoin. We saw drops much lover and faster already. Your thread name made me scary at first, maybe some other users too, but i think you just make people scare. The fact is we don;t know when the real crash will come. Will it be on a mark of 2000$ or 10000$ nobody knows.  We have to be wise and use all possibilities of bitcoin today or in nearly future to not become a looser when everything will end.

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May 04, 2017, 09:27:00 PM
 #12

PANIC! We will going do die from hunger!
Oh, wait... long term chart still be extremely bullish.

Go get a job instead of wasting ur time with scams
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May 04, 2017, 09:32:38 PM
 #13

I'm looking at the charts, and BTC is rising at the same speed, or even faster than previous ATH's. Does this mean a crash could happen within the next few days? I'm not saying it'll drop back to around the 700's, but I wouldn't be surprised if it dropped back to 1200, 1300. What do you think?
As you mentioned and also to my mind, price fall on 700$ will be unbelieveble but it won't be strange if price will fsll on 1200$ since we had many such small falls. Current statistics is really amazing, it rises and rises. To my mind if rises will stop, at least we will get stable 1200$ and bitcoin won't fall under this. Wait, I think this is going like we will achieve 2000$ this year, don't think as joke but there are chanses that this will happen.

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May 04, 2017, 09:55:16 PM
 #14

I don't believe that the price will drop below 1350$ anytime soon, even now price started moving upwards. Don't know who is brining money into crypto world last month but it has been working so far. Every single altcoin got pumped with the bitcoin being a star, I don't think that price will crush much as people will feel FOMO  and buy even more.

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May 05, 2017, 05:07:45 AM
 #15

I'm looking at the charts, and BTC is rising at the same speed, or even faster than previous ATH's. Does this mean a crash could happen within the next few days? I'm not saying it'll drop back to around the 700's, but I wouldn't be surprised if it dropped back to 1200, 1300. What do you think?

No, we got a long way to go before this bubble pops. starts forming up



FTFY.

to OP, you seriously need to change your terminology then.
price going up is not a bubble.
price coming down is not a crash.

price going up A LOT in a short time is a bubble.
and price dropping A LOT to way below resistance is a crash.

we are seeing a big rise (not a lot) in a rather short time but it is not yet bubble territory. and price will come down because of how thin orderbooks always are in exchanges and how easily weak hands are manipulated into panic selling.

drop to $1200 -$1300? maybe, maybe not. we have to see.

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May 05, 2017, 05:49:40 AM
 #16

I am not worried on seeing such topics on speculations on bitcoins. Now I am having more confident that bitcoin will bounce back from any level of crash. I guess the term "crash" will not give any significant meaning to bitcoin trading imho but "corrections" suits the most.

After hitting ~$1630, prices fell back to ~$1470 but now again trading around $1590, do I need to mind about crashes or a fluctuations of $150 is not covered under crashes ?


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May 05, 2017, 06:19:22 AM
 #17

I am not worried on seeing such topics on speculations on bitcoins. Now I am having more confident that bitcoin will bounce back from any level of crash.
this is also what i believe.
all these years of data on the charts should have already proven this, and if anybody had any doubts in their mind about it, they deffinitely lost it when price went down from $1250 to $880 and back up again.
and that shows the huge and growing demand for bitcoin, and that is still there and will buy bitcoin back up.

Quote
After hitting ~$1630, prices fell back to ~$1470 but now again trading around $1590, do I need to mind about crashes or a fluctuations of $150 is not covered under crashes ?

i think this is mostly because of the big price rise because when prices go up fast like this, the orderbooks become thinner than usual and also people have shakier hands.

nothing to see here...
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May 05, 2017, 06:37:12 AM
 #18

don't panic just because you see a correction, still dropping back to 1200-1300 is a very good position, those are high value

i can't see any bubble, i mean the value increase by how much 20%? that is hardly a bubble, a bubble is 100% at least or more up to 10% like with mtgox

and talking about mtgox, i don't believe there will be ever a crash like that, because the value now is genuinely pumped not fked like in the past
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May 05, 2017, 06:37:50 AM
 #19

OP, you seriously need to change your terminology then.
price going up is not a bubble.
price coming down is not a crash.

Thank you.

Those terms are almost as annoying (and indicative of ignorance) as using "pump" and "dump" to describe rallies and dips..
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May 05, 2017, 06:43:38 AM
 #20

Op bitcoin and others coin are still in there early stages, price fluctuations is a normal thing in assets market and pull back or pump is an opportunity to buy or sell. Using the clash based on technical analysis like reading chart may not be an appropriate word to use. Clash in assets price happened when there is a negative fundamental analysis such economic news and event. Like what happened during the time people bank of china started the regulatory stuff and the march event of ETF.


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