Crypto winter is coming again …

[MarketMagic]

[Hyperme.sh]

Brock Pierce:

https://youtu.be/m_EKremz6ek?t=2442

Basically he sees the possibility of a crash and is giving a $10000 price as a possible peak.

Here is more info on Brock.

I don't know behavior like this is what happened in the dot com bust:
https://www.bloomberg.com/news/articles/2017-10-27/what-s-in-a-name-u-k-stock-surges-394-on-blockchain-rebrand

[vit05]

FOr something like Crypto winter happens, it would be necessary a crash back to below 3k. So, something like 100 billion would disappear in a matter of days. I think this is impossible. People would still need and wanted to sell some BTC but we will have more people coming to the marketing buying.

[Hyperme.sh]

I think this is impossible.

“It can never happen” is the attitude we need for it to happen.

Nevertheless it is quite plausible that after a minor correction from $8 - 10k down to maybe $5 - 6k, then we could get another move up in Q1 2018. The bubble could possibly run much further and become much more extreme, maybe even continuing on throughout 2018. Or not.

I am thinking an exhale into altcoins may be coming after Nov. 15 or 25th, similar to August.

Grandmothers holding the 90+% of ICO tokens which will go to zero is something I am keeping my eye on.

[CornCube]

Crypto winter if it ever comes could be due to any one of the following reasons:

The 3rd one has the highest probability after we hit the $40k peak. But the bottom would be > $10k.

The last (4th) one [the Tether/Bitfinex collapse] may occur during the 3rd one, and may also include:

• the Tether/Bitfinex collapse
• a blood bath for non-compliant ICOs
• SegWit theft wherein the blockchain “steals” $billions of BitcoinSegWit “pay to anyone” donations
• skyrocketing transaction fees and excruciating slow confirmations on BTC

[fright]

So maybe new predictions from OP?

[eleonor]

It is already december and bitcoin price is now as twice as its price last october when OP share info in this thread do you think the crisis mention would still happen?

[okala]

I will not pray for what happened then to repeat itself again as this time around it will be very bad for some of us that keep holding our bitcoin. I think we should try to help ourself by saying something good about bitcoin. The way I think it will happen may not be like a clash but a serious correction that will lower the price toward $10,000 after trading around $25,000 early next year. Because I believe this winter that when price fell it will rise again by people buying low than when it is now.

[CornCube]

So maybe new predictions from OP?

He is permanently banned, so he is not allowed to post ever again. If he posts again, he will be banned again.

Notice upthread he did mention the possibility of $10,000+ and even $50,000.

[khaled0111]

Winter will come, that is evident, but you can't deny that summer will come again :p
What James A. Donald said is 100% true and no one can deny the fact that Bitcoin these days have nothing to do with what Satoshi Nakamoto was expecting.
All people here just want to make as much profit as possible and no one thinks about supporting the network.
Mining is becoming more centralized and big companies are becoming more dominating which have nothing to do with the concept of Bitcoin: decentralization.
Will that ruin the Bitcoin !! I don't think so.

[btcone111]

Honestly, everyone knows there are bearish and bullish phases in any markets.
The problem is WHEN.

If you keep saying "I think the market is going to burst" when BTC is $10K, then eventually it bursts at $50K, you then say "I told you so."

IMHO, no, you haven't

[CornCube]

Honestly, everyone knows there are bearish and bullish phases in any markets.
The problem is WHEN.

If you keep saying "I think the market is going to burst" when BTC is $10K, then eventually it bursts at $50K, you then say "I told you so."

IMHO, no, you haven't

Note the author of the OP followed up and made his prediction/expectation of when the crypto winter will come more concrete:

https://bitcointalk.org/index.php?topic=2550946.0

[fright]

Honestly, everyone knows there are bearish and bullish phases in any markets.
The problem is WHEN.

If you keep saying "I think the market is going to burst" when BTC is $10K, then eventually it bursts at $50K, you then say "I told you so."

IMHO, no, you haven't

Note the author of the OP followed up and make his prediction/expectation of when the crypto winter will come more concrete:

https://bitcointalk.org/index.php?topic=2550946.0

You've been surprised with LTC lately?making huge moves, now even 0.05 seems more realistic

[supercanada1]

It is already december and bitcoin price is now as twice as its price last october when OP share info in this thread do you think the crisis mention would still happen?

If you are saying high rise a winter than it is here and if you are talking against it then this will not happen this is real world and people are very possessive about bitcoin now and they don’t want to see any fall here and all this will take them to the more waiting time and after all bitcoin has come so high and people are expecting much more here and I wish it will rise more higher to the 30k till the end of this good year,

[Dink]

Corncube when crypto winter arrives is there any alt coins to park current gains.  I woukd rather leave things in cryptocurrecy but not lose whatever gains made along the way.....hope this makes sense. 

Honestly, everyone knows there are bearish and bullish phases in any markets.
The problem is WHEN.

If you keep saying "I think the market is going to burst" when BTC is $10K, then eventually it bursts at $50K, you then say "I told you so."

IMHO, no, you haven't

Note the author of the OP followed up and made his prediction/expectation of when the crypto winter will come more concrete:

https://bitcointalk.org/index.php?topic=2550946.0

[Reatim]

Looking back at this thread after a month makes me laugh about this so called crypto winter. Its only shows that this market is really based on pure speculation and no one can tell with absolute what will happen to the ecosystem. Bearish and Bullish really can't get all along. LOL.

We all know for a fact, that this kind of upward trend is not sustainable long term, minor hiccups could be seen. However, I can't seems to comprehend while people needed to open a thread with all this doomsday prediction about bitcoin. What's their main goal? Create FUD? or just warn ordinary investors like me? 

Crypto winter didn't arrived yet, but when it comes, I'm sure that all of us has plan B for it, because we all know that this market is very volatile than at any day now, it could crash. But if you are well prepared, then nothing to worry about, I suppose.

[CornCube]

Also this from James A. Donald, the first person who communicated with Satoshi on the mailing list where Bitcoin was announced:

A bad time to invest in Bitcoin
October 8th, 2017

Back in 2013 I urged people to invest in Bitcoin.

Yesterday someone asked my cleaning lady to invest in Bitcoin.

Now if someone had asked her to accept payment in Bitcoin, or send payment in Bitcoin, then this would be compelling evidence that one should invest in Bitcoin.

But when cleaning ladies are asked to invest in Bitcoin, not a good investment.

When Bitcoin began, everyone was a miner, and everyone was a peer, everyone stored the entire blockchain. Which was great, but did not scale. And now people are struggling with half assed ideas about how to get it to scale.  Bitcoin can no longer deliver on its original promises, has not figured out what new promises to make, and many of the new promises are unworkable, or are scams, or are likely to turn into scams.

Note I also advised others to invest in BTC back in 2013.

Note James A. Donald flipped his stance:

A good time to invest in bitcoin

In 2013 I recommended investing in bitcoin.

Quite recently I recommended not investing in bitcoin, because my cleaning lady who has no idea what to do when her computer freezes up, is investing in bitcoin. When the widows and orphans start buying stocks, it is time to sell.

Lately I have heard tell of thought criminals opening bitcoin accounts, because they noticed “Nazis” getting their accounts blocked, and figured that come the terror, they would need some money that could not be blocked.

That, people getting bitcoin accounts for actual monetary use, is a mighty good reason to invest in bitcoin. Time was when these people would have purchased gold or uncut diamonds.

Total value of Bitcoin it is currently around two hundred billion. People hold gold for roughly the same purpose as they hold cryptocurrency. It is reasonable that the total value of all crypto currencies should be comparable to the total value of gold, which is at present ten trillion.

Some other crypto currency may, and quite likely will, replace bitcoin.

But at the present moment, Bitcoin is where it is at. The aggregate value of all the various cryptocurrencies out there is dominated by aggregate value of bitcoin.

Which gives room for Bitcoin to rise by a factor of fifty.

Bitcoin was originated by an international traveler with many identities and many passports (not me, alas). Bitcoin governance is now primarily located in mainland China, which is to say, located in the place most inaccessible to American power. A crypto currency is a crypto state, and the bitcoin crypto state is substantially influenced by white people who are not all the time located in white countries, or are located much of the time in white countries rather distant from the centers of US Government power. Location in China does not imply as much actual Chinese control as one might expect.

Bitcoin is a speculation on the continued functioning of the economy outside the state, and to which the state is hostile. Its major monetary (non speculative) use is evading Chinese currency controls and evading present and likely future US government controls.

If the Federal Reserve issues its own cryptocurrency, will Bitcoin retain its luster?

Every single person that I know of who is an actual end user, who is using bitcoin for monetary rather than speculative purposes, has good reason to believe that the Federal Reserve is hostile to him, and that if it had full knowledge of his doings would be murderously hostile.

Gold is a tulip mania bubble that has not popped in three thousand years.

Money is a bubble that does not pop.

Lightning network is a very bad idea, but something rather like lightning network can be made to work.

Yes, Bitcoin is broken. It has hit its scalability limits.

But these problems are fixable, and with this much wealth looking for a safe place to hide, someone is going to fix them.

Not necessarily in Bitcoin though. Possibly with an altcoin.

And either way, the security of bitcoin is ensured by the miners

This is a very bad design flaw. We need a crypto currency where control is by weight of money, rather than by weight of computing power.

But how can one implement weight of money when the biggest accounts are likely deliberately disconnected from the internet for long periods, and often located in places where the internet is extremely bad, so that even when intentionally connected, are connected by a low bandwidth and highly unreliable connection?

Easy: We have client/peer arrangement. The client, seldom connected to the internet, and connected by a low bandwidth connection when it is connected, logs in to a peer from time to time. The peer is always on, and always connected to all the other peers by a very high bandwidth connection. A peer has influence over the currency according to the weight of the money controlled by its clients. Its clients can easily move from one peer to the next, taking influence over the currency and over the governance of the crypto currency from the previous peer and granting it to the new peer.

You have a lot of catching up to do on the flaws of DPoS. Find his blog post on consortium blockchains for more refutation of the stake voting paradigm.

You're correct that "other guys" are far ahead of you on the scaling issue and maintaining decentralization.

Contrast the above comments on what gives Bitcoin value to the misunderstanding in the mass media:

Nearly a decade after its introduction, and with nearly $100bn in market capitalisation, a list of all legitimate merchants willing to accept Bitcoin fits comfortably on a single web page.

[...]

Like most financial bubbles, Bitcoin begins with a claim to have invented a new way of doing business. If people lose faith in that claim, the entire edifice is merely a record of some pointless calculations. At the moment, there’s little evidence to support the idea that Bitcoin will ever become a usable currency.

Bitcoin is a PRIVATIZED reserve currency, store-of-value asset, not a medium-of-exchange! As faith in PUBLIC institutions collapses, Bitcoin is the new gold, precisely as was written in the original Bitcoin whitepaper. Which correlates with Martin Armstrong's 51.6 year oscillating shift between PRIVATE assets (e.g. gold and now Bitcoin) and PUBLIC institution assets (e.g. sovereign bonds). Real estate isn't entirely a private asset, because taxes have to be paid to the government, no one has an allodial title, and the government can seize the land for emminent domain.

[Techmind]

Corncube when crypto winter arrives is there any alt coins to park current gains.  I woukd rather leave things in cryptocurrecy but not lose whatever gains made along the way.....hope this makes sense. 

Honestly, everyone knows there are bearish and bullish phases in any markets.
The problem is WHEN.

If you keep saying "I think the market is going to burst" when BTC is $10K, then eventually it bursts at $50K, you then say "I told you so."

IMHO, no, you haven't

Note the author of the OP followed up and made his prediction/expectation of when the crypto winter will come more concrete:

https://bitcointalk.org/index.php?topic=2550946.0

There is no crypto winter now. The price of the miners is very high.