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Author Topic: Do you think bitcoin price will crash again in 2017?  (Read 3987 times)
tosmartak
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May 12, 2017, 08:11:44 AM
 #1

Following the trends over the years, I have noticed bitcoin steadily rising (though with minimal fluctuations here and there). Recently, the price dropped sharply but since then, it is like it got angry, thereby increasing hugely each day.
Now to my question. I am actually thinking of purchasing some btc but still hoping there is possibility of the price dropping again so at least I can obtain more ( Grin pardon my greed). So, do you think there is still a possibility of it dropping in a huge manner in 2017?
Hopefully I am looling forward to getting something tangible from finance experts.

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May 12, 2017, 08:21:34 AM
 #2

price will come down at some point but that is not called "crash" it will be a correction and it will not be big.

but nobody can tell you when that time will be! or what the final price is going to be.

look at the history of what has happened and try finding reasons for each of them. that can give you a pretty good picture of what you are dealing with.

and here is the iconic 1 in a million price topic: https://bitcointalk.org/index.php?topic=1790863.0

this is a simple picture I made 3 months ago from the past 2 and a half years of price rise.




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May 12, 2017, 08:26:31 AM
 #3

I do not think so...i think the price might retrace but bitcoin has being in a bullish trend this year so i think it will end strongly above $2000. But would not recommend to buy during a bullish trend rather wait for the dip and then buy.

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May 12, 2017, 08:35:24 AM
 #4

In my opinion, there are may be some adjustment of the price, but not crash.

Risk remains, for example at the event of SEC again reject the BTC ETF, or hard fork topic came back again on the table, these are the moments price will go down.

However, there are also quite some positive news like development in Japan and Australia. Not mentioning the strong upward potential when top 3 Chinese exchanges will be back to work...

So if the number of transaction continue to increase and mainstream starts to accept BTC, the fundamental of up trend will remain there.


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May 12, 2017, 09:07:42 AM
 #5

I think that bitcoin price will increase more soon crossing $2000.One month before,the crash in price occured due to BU and hard fork issues which were promoted by some persons like Roger ver to fill their pockets with altcoin pump.I think such issues will not come any more as people have realized the true potential of bitcoin.
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May 12, 2017, 09:38:11 AM
 #6

Bitcoin will not crash again in 2017 after all it have proved in the past rise dump movements that bitcoin now got stronger resistance more than when 2013 crash happened so it won't happen again but still if it were to go down in price it would not be that big. This is just my speculation but bitcoin might reach 2000$ or maybe 3000$ this year if this current upward movement continues.
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May 12, 2017, 10:32:40 AM
 #7

price will come down at some point but that is not called "crash" it will be a correction and it will not be big.

but nobody can tell you when that time will be! or what the final price is going to be.

look at the history of what has happened and try finding reasons for each of them. that can give you a pretty good picture of what you are dealing with.

and here is the iconic 1 in a million price topic: https://bitcointalk.org/index.php?topic=1790863.0

this is a simple picture I made 3 months ago from the past 2 and a half years of price rise.





My guts tell me in 2015 ago when the flash crash happened down to below $300 to buy bitcoin as much as i can.
Unfortunately i did not breve enough to buy a lot of bitcoin , just spend a couple dollar to get around 6 bitcoin.
And sell it as soon as hit $700 , as really afraid the real crash could really coming. I was really wrong and regret on what i have did Sad

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May 12, 2017, 10:37:02 AM
 #8

I prefer to talk about corrections instead of crashes. If you're purely referring to a crash, then it's mostly something negative that takes the price down significantly, with a high probability of it resulting in a bear market not long after that. We've been through that already after the MtGox debacle. People that were active back then know how long it took to get over that period. That's luckily not something we have to worry about anymore. Sentiment is fantastic, demand is increasing, certain countries might follow Japan where they legalize Bitcoin, etc. Aside from a correction here and there, we're likely to continue this long term UP pattern.

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May 12, 2017, 10:40:26 AM
 #9

price will come down at some point but that is not called "crash" it will be a correction and it will not be big.

but nobody can tell you when that time will be! or what the final price is going to be.

look at the history of what has happened and try finding reasons for each of them. that can give you a pretty good picture of what you are dealing with.

and here is the iconic 1 in a million price topic: https://bitcointalk.org/index.php?topic=1790863.0

this is a simple picture I made 3 months ago from the past 2 and a half years of price rise.





My guts tell me in 2015 ago when the flash crash happened down to below $300 to buy bitcoin as much as i can.
Unfortunately i did not breve enough to buy a lot of bitcoin , just spend a couple dollar to get around 6 bitcoin.
And sell it as soon as hit $700 , as really afraid the real crash could really coming. I was really wrong and regret on what i have did Sad

Yeah I bought below 200 in 2015 in the golden opportunity. That was a miracle. I put a big chunk of my savings in BTC at that time and never sold. Feeling very grateful.
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May 12, 2017, 12:35:26 PM
 #10

Following the trends over the years, I have noticed bitcoin steadily rising (though with minimal fluctuations here and there). Recently, the price dropped sharply but since then, it is like it got angry, thereby increasing hugely each day.
Now to my question. I am actually thinking of purchasing some btc but still hoping there is possibility of the price dropping again so at least I can obtain more ( Grin pardon my greed). So, do you think there is still a possibility of it dropping in a huge manner in 2017?
Hopefully I am looling forward to getting something tangible from finance experts.

Some kind of drop should be expected after all of the gains recently. There are people that manipulate the price, so they will force a drop so they can buy cheap.
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May 12, 2017, 01:03:37 PM
 #11

in 2017, i don't think so because usually we have only 1 crash per year and we already had that this year.
the one crash you saw was not the only one! each year there is some orchestrated scenario that causes a big panic sell and prices crash. this year it was ETF rejection followed by BU split and all the combined FUD caused the big dip.

last year it was Mike Hearn and some other stuff i forgot that caused a big dip and delayed reaching $600 last year the same thing around $200 and if you look at pages of 300+ in speculation board you see there have been same thing going on for years Cheesy

we take a dive then start rising super fast and then small correction followed by stable price when everyone gets board then repeat.














 

 

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May 12, 2017, 01:50:59 PM
 #12

in 2017, i don't think so because usually we have only 1 crash per year and we already had that this year.
the one crash you saw was not the only one! each year there is some orchestrated scenario that causes a big panic sell and prices crash. this year it was ETF rejection followed by BU split and all the combined FUD caused the big dip.

last year it was Mike Hearn and some other stuff i forgot that caused a big dip and delayed reaching $600 last year the same thing around $200 and if you look at pages of 300+ in speculation board you see there have been same thing going on for years Cheesy

we take a dive then start rising super fast and then small correction followed by stable price when everyone gets board then repeat.

The past isn't a guide to the future though!

It's hard to tell what is going to happen - if the blocksize thing gets going again, we might look at some people selling. Ditto advances in some of the alts.

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May 12, 2017, 01:53:33 PM
 #13

I hope the price doesn't crash tbh, I don't want to see below $1000 ever again. I'm ready & poised to increase my stash if we do have a major correction though.

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May 12, 2017, 01:56:58 PM
 #14

Now to my question. I am actually thinking of purchasing some btc but still hoping there is possibility of the price dropping again so at least I can obtain more ( Grin pardon my greed). So, do you think there is still a possibility of it dropping in a huge manner in 2017?
Hopefully I am looling forward to getting something tangible from finance experts.
You can try to wish there will be another bad news for bitcoin in the future. But looks impossible in my mind. Every time the community will be being strong and strong.
Remember the latest news from Japan and AU, it makes sense to give another power to keep the price of bitcoin is stable on the highway.
The possible think for you to gain more bitcoin on another red candle. That likes betting on your dream.

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May 12, 2017, 02:06:55 PM
 #15

Ab-so-lutely it will crash many times in the future. That is normal behavior for a free market.

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May 12, 2017, 02:08:53 PM
 #16

Yes, I think there will be a crash in 2017. Or a deep correction. A bear market. Or like you want to call it.

The question is "when" and "at what price".

In the past, the real Bitcoin rallies - from the moment an old ATH was passed to the next prominent ATH before a crash - never lasted more than a few months, followed by a crash:

- 1st rally 2011: from 0,50 to 1.10: end of January to mid-february: ~2 weeks
- 2nd rally 2011: from 1.10 to 32: mid-April to early June: ~1,5 months
- 1st rally 2013: from 32 to 266: late February to early April = ~1,5 months
- 2nd rally 2013: from 266 to 1160: early November to early December = ~ 1 month

The last old ATH (~1350) was passed in early May, so we've some time still, but I think until July we will see a correction.

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May 12, 2017, 04:01:41 PM
 #17

in 2017, i don't think so because usually we have only 1 crash per year and we already had that this year.
the one crash you saw was not the only one! each year there is some orchestrated scenario that causes a big panic sell and prices crash. this year it was ETF rejection followed by BU split and all the combined FUD caused the big dip.

last year it was Mike Hearn and some other stuff i forgot that caused a big dip and delayed reaching $600 last year the same thing around $200 and if you look at pages of 300+ in speculation board you see there have been same thing going on for years Cheesy

we take a dive then start rising super fast and then small correction followed by stable price when everyone gets board then repeat.

The past isn't a guide to the future though!

It's hard to tell what is going to happen - if the blocksize thing gets going again, we might look at some people selling. Ditto advances in some of the alts.

FUD is like a one time use thing. imagine a tissue Wink
you cant keep using the same thing over and over again to wipe! it loses its power. it is like saying "bitcoin is a ponzi scheme" surely that worked back in 2009 when it was early days but won't work now.

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May 12, 2017, 04:06:41 PM
 #18

in 2017, i don't think so because usually we have only 1 crash per year and we already had that this year.


Hahahahaha first of all wtf? What crash? That flash crash/20% dip when the ETF was rejected? Omg. And secondly there can be as many crashes as there are hacks or issues so that is a really stupid way to think about the price of bitcoins. I'm a permabull too but even that is just so stupid and naive I can't believe someone would think it were true. Oh and let me guess, bitcoins doubled in price last year so they'll double in price every single year for the rest of our lives, right? Durp. Past performance does not equal future performance. Just like any stock broker will tell you Smiley














 

 

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May 12, 2017, 04:13:53 PM
 #19

when does a fall become a crash? there'll be a bunch of falls to come. i don't know if they'll turn into crashes.

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May 12, 2017, 06:00:51 PM
 #20

No we can't use the word crash for bitcoins anymore. The reasons are pretty obvious, the price increased by so much in just few days the reason for this is pretty simple now ever many people are interested in bitcoins now, so let's just say people sell their coins and price crashes there are surely many people who are waiting for a drop.

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