Bitcoin crash is imminent

[Bergluft]

Bitcoin bull run is nearing its end, the steam is running out. Altcoins will rally after the fallout is all said and done.

BTC price at post $7,288

I agree, the "good" alts are way under valued at the moment

Yes, thats true. But its like in basically every market you look at - time will come and capital will diversify. Its not like this is currencies competing against other currencies - its a very heterogeneous market with a lot of companies doing a lot of different things!

[wantjokull]

Bitcoin bull run is nearing its end, the steam is running out. Altcoins will rally after the fallout is all said and done.


BTC price at post $7,288

Yes that will happen surely but there is still some power in it left until the fork happens. People are making it better than the last fork because they know they will benefit from it a lot. Who doesn't want that free stuff and grab the 100% profit of all time.


So people who are afraid will be making investment slowly while bug whales who knows the reality will put loads of money into it agin and agin until fork situation arises at the steps of doors.


So may be the prices will stay stable for some 10 days more and then we will see a downfall of all the time.

[razzor85]

If there is a crash in bitcoin then we have also a crash in altcoins.

For example ethereum price now 300$, in February 2017 10$         x30 times more
                   neo         price  now 26$                          0.12$       x216 times more
                   ltc           price  now 55$                          3.79$       x14  times more

And now for BTC          price now 7200$                      1000$        x7 times more


I am thinking that the altcoins will correct more than the bitcoin. I think we should see a BTC dominance of 80%.

And now the facts:

ltc is only a copy of bitcoin.
neo is a cheap chinese copy of ethereum.
And ethereum has copied many things from bitcoin.

Do you think a lexus car is more worth than a mercedes benz?

"shitcoins to the moon!" I can't listen to that any longer.

[shtako]

If there is a crash in bitcoin then we have also a crash in altcoins.

For example ethereum price now 300$, in February 2017 10$         x30 times more
                   neo         price  now 26$                          0.12$       x216 times more
                   ltc           price  now 55$                          3.79$       x14  times more

And now for BTC          price now 7200$                      1000$        x7 times more


I am thinking that the altcoins will correct more than the bitcoin. I think we should see a BTC dominance of 80%.

And now the facts:

ltc is only a copy of bitcoin.
neo is a cheap chinese copy of ethereum.
And ethereum has copied many things from bitcoin.

Do you think a lexus car is more worth than a mercedes benz?

"shitcoins to the moon!" I can't listen to that any longer.

Great post!

I totally agree. Bitcoin also has real world applications and most alt coins are scams that eventually will collapse. Picking up something that can outperform bitcoin among all the scams is gambling.

[Ayiranorea]

Real time applications and usage of bitcoin is quite high compared to altcoins. This won't let down the bitcoin in a short time period. Crash happens with bitcoin, but with the growth it has attained it'll surely retain from the fall. Several altcoins used to show good signs of growth, but in a short falls and never retains. This makes the difference between altcoins with bitcoin.

[MarioLuck990]

I hope people realize what BTC really is, is nothing more than a high cost ineffective database. I want BTC to crash because there are some real projects out there which have real value and there is Ethereum or Neo too which do something very important but to keep a database and need tons o energy in order to create 1mb new block. BTC will crash, but when ...

[Howtrain]

Bitcoin will certainly correct after the fork. Depending on how contentious the fork is, the price could correct a little or a lot. I would guess it crashes down to around 5000-6000, before holding value for a while. 

[vintages]

Bitcoin bull run is nearing its end, the steam is running out. Altcoins will rally after the fallout is all said and done.

BTC price at post $7,288

Bitcoin is having all her attention now, soon it will be Altcoins turn to boom. But the truth is, with the way bitcoin is running higher one might be forced to withdraw all their Altcoin and place the bid on Bitcoin; I was in this dilemma before.
I had to give it a deep thought before leaving my Altcoin back .
If you are in this same dilemma as me; don't worry people, soon it will be our turn to have our gain when Altcoin starts booming with high prices.

[bobq]

Bitcoin bull run is nearing its end, the steam is running out. Altcoins will rally after the fallout is all said and done.

BTC price at post $7,288

That's literally the prayer of everyone who has hoarded altcoins in time of draught and I really hope someone answers to them. Going to be a solid 2 weeks or more till Bitcoin starts dropping with the third hard fork imminent in about a fortnight so it's still going to be a struggle for the whole altcoin market and expect only the top coins to make it through.

Yes, hard times ahead for altcoins, but I expect Bitcoin at some point to correct tanking back to 2000 or so and it may then take some more years to see the top again. Just remember how Bitcoin prices have evolved in the past...

[e-coinomist]

Bitcoin has still time to increase. The fork is on the 18th November...
So, maybe Bitcoin has the time to go to 10000 USD?

The exact date depends upon arrivial of some hard coded block height. I wrote down 16th, you see that varies.
Especially since the hashrate fluctuates, due to miners hopping on and of the BCH blockchain. This cannibalizes from BTC and migth slow down block recovery timings. BCH again made like 20 blocks in below just one hour.

[Smolko]

So much money to be made in altcoins right now. Btc surely will crash shortly as some people try to get out before the fork while the price is this high. After fork it could lose 20% which is my estimate with alot of altcoins gaining 100% easily why would you not cash out now.

Well I would guess to that this is going to happen. On the other hand I am really not sure in the world of bitcoin everything is possible. Actually my guess is that everything what happend in 2014 will repeat itself
But this time with a multiplier 10 - everything goes up beyond 10k and crasehd below 1k - my prediction!

[Bergluft]

If there is a crash in bitcoin then we have also a crash in altcoins.

For example ethereum price now 300$, in February 2017 10$         x30 times more
                   neo         price  now 26$                          0.12$       x216 times more
                   ltc           price  now 55$                          3.79$       x14  times more

And now for BTC          price now 7200$                      1000$        x7 times more


I am thinking that the altcoins will correct more than the bitcoin. I think we should see a BTC dominance of 80%.

And now the facts:

ltc is only a copy of bitcoin.
neo is a cheap chinese copy of ethereum.
And ethereum has copied many things from bitcoin.

Do you think a lexus car is more worth than a mercedes benz?

"shitcoins to the moon!" I can't listen to that any longer.

Great post!

I totally agree. Bitcoin also has real world applications and most alt coins are scams that eventually will collapse. Picking up something that can outperform bitcoin among all the scams is gambling.

Yes, great post, indeed. And yes, picking one may be gambling - which, however, does not say that there will be no coins that have the potential to outperform bitcoin.

[marcbitcoins]

Bitcoin bull run is nearing its end, the steam is running out. Altcoins will rally after the fallout is all said and done.

BTC price at post $7,288

If you say crash meaning it means something destroyed but i dont see or think that it would happen to bitcoin during SegWit2X, bitcoin price may fall down but i think at very slight decrease probably between $6.5K to $7K value. Most of the bitcoin holders are battle tested that they have already hard experiences with bitcoin during troubled times from SegWit, China ban, JP Morgan criticism and many others in which together with bitcoin they survived how much more of this SegWit2x? In which i did not see any difference from the former.

[nizamcc]

Bitcoin bull run is nearing its end, the steam is running out. Altcoins will rally after the fallout is all said and done.

BTC price at post $7,288

I think yes, it is possible post 16th November.
Many CEOs, Developers and Engineers are giving statements that it's all increasing just because they want to knock out SegWit2X hard fork completely out of the game which is why investors are pushing the value so high and at a stretch, it's all looking extremely epic. While I still don't know where will it be before 16th, I can clarify that we may see a big crash (not necessarily, just a speculation) in Bitcoin's value after the hard fork scene gets settled and/or it could even head upwards. Who knows? But all this is getting very exciting day by day.

[alyssa85]

I think it might correct before the fork.

Some people might want free coins. Smarter folks will reason that those coins are not worth giving up bitcoin profits, and they'll cash in and lock their gains ahead of time.

[joseafonso123az]

BTC has everything to continue growing and growing, and we should expect a correction after the November fork. But after that, we will see it reaching a new height, that is it will reach 10000$, and establish for some time there! Then I believe that there will be also a movement of the altcoins, that will make they increase in value also!

[hieuho381]

I think it is not the time for the BTC to collapse because this market really has a lot of potential and on the 16th of November everyone will witness the last event of the year is setwit2x and after setwit2x people will tend to sell Bitcoin is more than buying

[danherbias07]

I dont really understand what is happening with this increase in price.
I just know they are turning their alts to bitcoin that is why this is happening. When the time comes that it is harder to buy bitcoin then it is really needed that the price should go down.
I have alts and I dont want it to lose its value so if ever I want it to go with the flow of bitcoin.

[syaripudin]

I just think that up until now the bitcoin value is very strong with the pump that I keep on supplying it is a proof that bitcoin actually will continue to exist even though the third hard fork will happen and if it really happens it is a morning advantage of altcoin holders where usually the price of altcoin movement will increase. but I think to pass the bitcoin price is not easy with based on the current price alone is very high so although it will be a decline on the bitcoin value it is still very far to get past the bitcoin price if indeed the third fork in this november is only temporary and in the end bitcoin will again show its existence as a virtual currency of the most demanded by investors to date. I say that I think it is based on the experience on the previous hard fork where the bitcoin experienced a very signi fi cant decline but it did not last long and finally bitcoin again showed its existence with a very pantastic haga rise and that is of course very profitable for bitcoin users because at the time of the increase it means bitcoin holders will be able to sell at a fairly high price.

[kissme09]

itcoin is currently $ 7600 i do not think it will stop and target people will be $ 10000. Altcoin is falling into a price can not be worse