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gedor (OP)
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October 13, 2017, 07:18:17 PM |
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"Bitcoin: mining our own business since 2009" -- Pieter Wuille
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swogerino
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October 13, 2017, 07:45:49 PM |
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This is not the same as 2013. Bitcoin price has been stable since August and only going up which is different from 2013 when the price spiked directly at that November if I remember correctly from 10 to 1100 dollars. Anyway I think that the price may fall down and have a correction but we are all expecting it to go higher into end of 2017 and even more into the 2018 territory. Maybe it is even Amazon who may accept bitcoin this month which is giving a boost to the price but even without it we are going to have increase in price.
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malikusama
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October 13, 2017, 07:50:13 PM
Last edit: October 14, 2017, 05:18:36 AM by malikusama |
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  Good bye I strongly disagree with this, bitcoin has become stronger and reliable then ever before because of its strong community/users. Although we can't deny the fact that it's price is highly volatile but the scenario you are stating is not going to happen. Very rare people were aware of bitcoin and cryptocurrencies at that time (2013) but today there is a huge differnece from the past, market has grown up and many things are modified from the past. |
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bitcoindusts
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October 13, 2017, 07:53:35 PM |
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I think there is much difference today than the year 2013, we can say there is really a great hype today in Bitcoin but this is well supported by the community. Today, Bitcoin is accepted in different country unlike in the year 2013. More company had adopted Bitcoin and there will be more in the coming days. So definitely this is not the same as 2013 bubble.
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radokan
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October 13, 2017, 07:57:23 PM |
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Not going to happen, you can't compare 2013(almost no one heard about bitcoin) and 2017(global adoption), I can only agree that there will be correction. Back to 2000$? I don't think so.
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TooDumbForBitcoin
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October 13, 2017, 07:58:26 PM |
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So  do you ready to short wtith largest leverage from $6 000? Stupid comparision!! |
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AkaSnake
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October 13, 2017, 07:58:42 PM |
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Bitcoin will definitely come down at the end of the month but I really doubt it will be something drastic.
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949miner
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October 13, 2017, 08:05:39 PM |
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Nice try to spread fud in the forum, you can not compare the actual price with prices from 2013. This has already been seen a lot of times in here, when the price makes more than a 5%, a lot of people start posting charts to try to compare the price with similiar charts.
I am tired of it, you should know that the price is based on how much does the people invest, and if there is no fud, then people wont sell their coins = price decrease.
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HabBear
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October 13, 2017, 08:12:33 PM |
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Cycles don't repeat as easily as you're saying this one will.
But let's say the cycle does repeat and we head back to $2000. That leaves a lot of new entrants to our market left holding a really expensive bag that's worth 30% or less of what they paid. Do you think that reality, those new players are going to double down at the lower price? Or are they going to sell at a loss and say "fuck you Bitcoin, robbed me just like the stock market!"?
If adoption sours on a huge drop it'll take twice as long as 2013 for momentum to build back up again...and that's a lot of time for all the press to declare "see, we told you so, the bubble popped. Bitcoin is worthless."
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Berk
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October 13, 2017, 08:15:03 PM |
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This is not the same as 2013. Bitcoin price has been stable since August and only going up which is different from 2013 when the price spiked directly at that November if I remember correctly from 10 to 1100 dollars. Anyway I think that the price may fall down and have a correction but we are all expecting it to go higher into end of 2017 and even more into the 2018 territory. Maybe it is even Amazon who may accept bitcoin this month which is giving a boost to the price but even without it we are going to have increase in price.
It's been the opposite to stable you do realize right? stable means not too many unexpected heights or drops. yet bitcoin recently tripled its value in a few months. |
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squatz1
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October 13, 2017, 08:17:35 PM |
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This is not the same as 2013. Bitcoin price has been stable since August and only going up which is different from 2013 when the price spiked directly at that November if I remember correctly from 10 to 1100 dollars. Anyway I think that the price may fall down and have a correction but we are all expecting it to go higher into end of 2017 and even more into the 2018 territory. Maybe it is even Amazon who may accept bitcoin this month which is giving a boost to the price but even without it we are going to have increase in price.
If your definition of 'stable' is seeing these coins pop up and down about $500 a day then I'd love to see what a safe portfolio looks like to you. Though I'll have to say that I dont think that Bitcoin is coming to come out and crash. Bitcoin may flucuate a little bit, but I think this is the point where Bitcoin sits and stays FINALLY. Not going to happen, you can't compare 2013(almost no one heard about bitcoin) and 2017(global adoption), I can only agree that there will be correction. Back to 2000$? I don't think so.
This too. Bitcoin is a different beast right now, this is HUGELY different. |
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Boseda
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October 13, 2017, 08:18:01 PM |
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I think many of us would be glad to travel back in time and go to 2013 again, for obvious reasons Regarding your cycle comparison, I agree with all the people who already replied and I'm pretty confident the price will continue to grow. A temporary decrease of price could even happen, but for a short period of time and not so drastic like 2014-15. |
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xaxistech
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October 13, 2017, 08:19:11 PM |
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I dont think that the price is going to drop, just like the other people said before, you can not compare charts from some years go with atm prices, it is not possible because people is reacting different against bitcoin right now.
In 2013 most people were only buying bitcoin to have some "digital money" and a lot of people only for buying in the deepweb, and to take advantage from it.
but now everybody is buying for profit purposes, and you can not deny it.
And people would not lose any money, it is not going to drop to $2000, i am sure about it.
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sunsilk
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October 13, 2017, 08:23:14 PM |
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Don't chase the past, we are not in the same stage just like what happened on 2013. I'm not still into bitcoin on that year but today's a different year.
You did experienced that bear before and will keep on happening but that's a lot if you are trying to compare it way back that year. I believe with history repeats itself but not on this thing with bitcoin's price.
A lot of speculative ideas that bitcoin can grow more and has a big potential so every investor is keep on supporting it, this will be the one money of the world in the future.
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aso118
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October 13, 2017, 08:35:30 PM |
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The resemblance is there in terms of price growth, and it does call for us to be cautious. However, we had Mt Gox's failure acting as a catalyst for a drop in prices in 2013. Nothing like that seems to be on the horizon now. |
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mrcash02
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October 13, 2017, 08:36:17 PM |
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Well, it can happen and it may not happen... It's an unpredictable world, it doesn't mean the old events will repeat again just because we are in "similar" situations. There are some factors that could influence the price and from 2013 on all these factors evolved and turned BTC into a more secure currency as now we have more users, more business and sites operating with Bitcoins, more attention from countries on Bitcoin.
Anyway, a sabotage can happen and the price can be dropped by whales who wants to make profit over other's losses.
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Raimy
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October 13, 2017, 08:57:46 PM |
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It is hard to say, but it did recently go back down to $3,000 so I think $2,000 would not be that big of a stretch short term. I do think that any down turn will not last as long as the 2014-2015 period did, and we would bounce back within 6 months maybe.
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flippener
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October 13, 2017, 10:38:28 PM |
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We're not in 2013 territory any more, too many people are involved in Bitcoin for it to be that volatile. Will it go down after the upcoming forks? Yes, probably. Will it crash? No.
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avikz
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October 13, 2017, 10:53:26 PM |
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I somewhat agree with the OP because the bitcoin price will go down soon within few days when the investors around the world start booking their profit and sell their holdings. But I am certain that the price is never going to come down to 2000 USD level for sure. It may come down to 4500 USD level again and hold that position for few days before going up again. This is a very normal trend with bitcoin pricing. A huge increase in price always comes with the fear of a downfall just to become stronger again. So I am not worried about the decrease in price which is forthcoming because that will be the most opportune time to buy more bitcoin for the investors like us.
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Forward_Thinking
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October 13, 2017, 10:54:39 PM |
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The major difference in 2017 is adoption rates and public trust. Today Bitcoin is much more trusted than it has ever been. Investment is still very very small. Today, large organizations have Bitcoin holdings...there would have to be a major event for large companies to panic sell. In 2013, people panic sold - people will always panic sell. Look what China's clamp down did. Price dropped to $3k and came right back up. Shows the market is much more resilient than it was in 2013.
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