What could cause price of bitcoin to crash??

[Velkro]

So in past bubbles it was:
1. collapse of biggest exchange Mt GoX.
2. "Bans of bitcoin in China"
3. ...

What could happen now to cause price crash? I mean, exchanges are so mature now and there are a lot of them, that failure of one exchange wouldn't cause big price drop.
What do you think can cause price of bitcoin to crash?

[Wandika]

World war 3. When north korea nukes america and start a war. Kim jung un is the key to dump bitcoin badly.

[Kprawn]

Exchanges being hacked are still a great threat... so do not discount that factor. We can also have a situation where the added changes in code,

might contain some major exploit and if this is missed by peer review, it could cause a price crash. We have SegWit and the Lightning Network and

a bunch of new code, so there is a lot of things that might still go wrong. Just look what happened with the BU code and the bugs that were

found. 

[qiwoman2]

If the bitcoin fees got way too high and transactions getting too much stuck and clogged up, along with a world war three scenario, could be things to help Bitcoin prices crash and also if another Altcoin takes it's place.

[bamboylee]

BIP 148 if it fails and lead to chain split. This probably split the price of bitcoin too. I am not an expert but this is my speculation if ever there will be a split in chain. Hopefully everything goes well and there will be a solution for scaling without having the effects like chain split.

[Taki]

World war 3. When north korea nukes america and start a war. Kim jung un is the key to dump bitcoin badly.

That reason of course may be the third in the list. This war may involve many countries around, like China and Japan who is on the top of places where bitcoin really spreaded and feel free to use.

[DayVid_GI_DEV]

World war 3. When north korea nukes america and start a war. Kim jung un is the key to dump bitcoin badly.

Sounds pretty extreme and would probably cause everything to crash.(except weapon industry). Are the odds of this actually happening very likely?

[dinofelis]

So in past bubbles it was:
1. collapse of biggest exchange Mt GoX.
2. "Bans of bitcoin in China"
3. ...

What could happen now to cause price crash?

Running out of greater fools.  There's still a lot of them around, so no crash imminent.

[Coin-Keeper]

If all the early adopters, which many are whales, decide to dump coins all at once the price would drop quickly.  e.g. aggregates of coins attempted to be sold every day for a few weeks on end, all sold in 100,000 coin lots minimum.  Whether or not the drop would be temporary is the subject of another thread.

[Velkro]

World war 3. When north korea nukes america and start a war. Kim jung un is the key to dump bitcoin badly.

I think opposite, war would be great thing for bitcoin because Bitcoin is store of value like gold, in times of war its perfect solution to store wealth in bitcoin and travel to country without war.

[gentlemand]

Chain split is the obvious one and it's much, much more fundamental than any previous reason for a crash. All of those were third party problems. A chain split cuts to the heart of the whole thing.

[agustina2]

So in past bubbles it was:
1. collapse of biggest exchange Mt GoX.
2. "Bans of bitcoin in China"
3. ...

What could happen now to cause price crash? I mean, exchanges are so mature now and there are a lot of them, that failure of one exchange wouldn't cause big price drop.
What do you think can cause price of bitcoin to crash?

Since exchanges are mature now like you mentioned and there's a lot of them now which already established a good reputation, then it needs at least multiple big exchanges failure at the same time which is currently not possible but chances are there. Another low chance thing to happen that can crash the bitcoin price is majority of the whales dump their coins including those big names with big possession of this currency. And another thing is there is only 1% of the whole population that uses bitcoin.

All possible causes that I mentioned is really low chance to happened. It means that bitcoin will never be crashed again in term of it's USD value.

[coolcoinz]

World war 3. When north korea nukes america and start a war. Kim jung un is the key to dump bitcoin badly.

I think opposite, war would be great thing for bitcoin because Bitcoin is store of value like gold, in times of war its perfect solution to store wealth in bitcoin and travel to country without war.

I agree. A war would create a bank run in most countries and people would look for a safer way to store money, far from the local economies. That's why people don't buy stuff when a conflict is imminent. Nobody thinks of buying land or a new car, but about stacking up supplies and keeping money close.

If somebody hacked a number of exchanges in a short period of time i'm sure the market would crash.

[megynacuna]

Global abandonment of Bitcoin can cause it to due off one time. By far that's all I can see could spell doom for Bitcoin but it is also equally going to be difficult for the entire world to abandon the usage of Bitcoin.

[Janation]

So in past bubbles it was:
1. collapse of biggest exchange Mt GoX.
2. "Bans of bitcoin in China"
3. ...

What could happen now to cause price crash? I mean, exchanges are so mature now and there are a lot of them, that failure of one exchange wouldn't cause big price drop.
What do you think can cause price of bitcoin to crash?

I think the panic, I can remember the Bitcoin Unlimited where many bitcoin users start to sell and started using another altcoin. They thought that bitcoin will die but after that, the price regain and goes back to normal. Now the topic is not Bitcoin Unlimited, but the network splitting stuff. It might not be that scary, but many users are having second thoughts about investing in bitcoin because of these.

[ktabb]

So in past bubbles it was:
1. collapse of biggest exchange Mt GoX.
2. "Bans of bitcoin in China"
3. ...

What could happen now to cause price crash? I mean, exchanges are so mature now and there are a lot of them, that failure of one exchange wouldn't cause big price drop.
What do you think can cause price of bitcoin to crash?

A failure of an exchange would have a significant negative impact because it would harm everyone's trust in all of the other exchanges. Many people would think that they have profited a lot off of bitcoin, but they are now realizing that holding it is kind of risky. Unlike money in a bank, bitcoin is not insured by the FDIC so if you lose money, it's lost. Fear would cause people to sell... especially since right now, the vast majority of bitcoin investors have profited.

Any negative news could cause a crash in the right circumstances. As bitcoin rises faster, the severity of negative news required to cause a crash lowers. If bitcoin spikes too high then any small amount of bad news can trigger a snowball selling effect.

[Weatherby]

There are some funny suggestion but the real possibility is still a big exchange hack and you could see the price crashing and not only bitcoin will get affected by it but the entire alt coin will get hit bad if that is the case.The Chinese do not have any affect on bitcoin for quite some time so that is out of the question.

[kelseydustin]

So in past bubbles it was:
1. collapse of biggest exchange Mt GoX.
2. "Bans of bitcoin in China"
3. ...

What could happen now to cause price crash? I mean, exchanges are so mature now and there are a lot of them, that failure of one exchange wouldn't cause big price drop.
What do you think can cause price of bitcoin to crash?

LOL. I do not think that the ban of Bitcoin in China caused a lot troubles to us. As what I witnessed, the hard fork rumor aka bitcoin unlimited made the prices worst than ever. Well, do not follow the news because you can not know whether it is fake or not. Believe in yourself and make a right decision

[stompix]

Well, usually things fail because of their owners or producers.

Just like cars crash because of low maintenance and monkeys behind the wheel or phones explode because a moron in development didn't test the battery properly or used "chinese" components bitcoin main danger is the team behind it.

I doubt an outside event might trigger a huge crash.
Usually its the sheep that panic because of China or because the devs are fighting.

I have no emotion over Aug 1 but I could really enjoy not knowing about the war behind the scene.

[Sarah08]

Almost impossible to crash a lot in price in the market but i guess when that happened it will now be dump so much in the market because it is really still the best in the market and number one cryptocurrency in the market so probably aroung 1000$ in the price drop so not so bad if it drop.