Bitcoin Must Crash - $7500 Is The Peak

[digaran]

Bitcoin short-term profit making, lol. if this is the crash I wonder what is the real peak? exchanges are getting regulated, making any profit by day trading is not easy as it was before, they are either blocking your access or ask you for documents. profit is for exchanges not for people.

[Drnice]

Maybe you have your own differences with bitcoin going up above $8k, but bitcoin doesn't seem bothered, the price of bitcoin is going high and reaching to $8k+ by the end of the month cause $7.5k has been surpassed.

[MMA]

Bitcoin can still go up. We might be seeing fluctations due to segwit2x cancellation, but for me it can never be the reason for bitcoin to crash.

Bitcoin still has too much potential and it can still go more and more high. I do not think that bitcoin is going to crash. Although its price can take a little correction but we cannot call it as crash, because now people are giving good support to bitcoin and they are not letting bitcoin price to drop. In future we can still expect more support from the investors therefore i am sure that bitcoin price will still continue to increase more and more.

[Gotottack]

Bitcoin Price - all years
https://www.coindesk.com/price/

Many people here have a wrong concept about long term investment, that it only mean to  buy-and-hold - holding no matter what. The term investment itself implies a wise decision. The first cardinal principle of investment is:
   

Invest for profit.

I do not know how to comment on "investors" who do not care much about profit.

   Short-term Trading:
There are indeed short and long term investment. Short term investment is speculation in very volatile markets -  to make profits by buy-low and sell-high in a time span of a day or even just hours. The greater the volatility, the better it is for the such traders. But such short term trading is only for the very sharp traders - it is a zero sum game (with crypto, it should be done by bots - program trading). Short term traders do not take the risk of holding bitcoin balances; they only ride a rising market as in the past months. Thus short term trading may only be profitable in a rising market, never in a falling bear market.

   Long-term Investment:
Long term investment means to buy a commodity that holds value in the future. A proper investment implies knowing when to buy and when not to buy. Just because we "buy-and-hold" does not mean that, whenever we have some spare funds to invest, we immediately enter the market. Entering the market to buy with no timing consideration is no investment. We only invest to maximize profit and this may only be achieved when we have good timing. The second principle in investment:
   

Timing is important in successful investing.

.   
The need for timing applies even for long term investment.

Let's assume we agree that bitcoin is a good long term investment - it's value in the long term will always rise. But don't forget that nearly all commodities rise in the long term. Even prices of coal, corn and pork belly would rise in the long term because of the nature our fiat system. So, even buying bitcoin still is very dependent of timing if you "care" to make profits.

Many here think that, because bitcoin will surely have an increased value in the long term, any moment is a correct moment to buy. It is not! What if the current price of $7000  is the peak and it  crashed to a low of a $1000 in 2020. It recovers to $7000 in 2025. You'll be in the red for 8 years! That's not good long term investment! Ok, it is only a "what if".

So for these so-called long term "buy-and-hold" bitcoin purists, the question now is :
   

Is this the time to buy?

Go to the link above and see the chart for the bitcoin price for all years. You must know how to zoom in at the frame around 2014 covering the rise and crash about Dec 2013 (Mt. Gox period). The market rose from $120 to $900 and crashed back to ±$230 about 2015. Only when you zoomed in will you see the similarity between that rally and this - they are similar (only visually evident when you zoomed in because of scale difference).

This current rally is the same as the one in 2013, the only difference is the scale:
   

The current rally is an exponential rise.

All financial markets that rise exponentially will crash - even for the best of investment medium. It is almost a law of nature, just like the law of large numbers and the return to the norm.
   

This Bitcoin price of $7000 is the peak and it must crash.

   

A third cardinal principle of investment:
      

Good timing requires patience and the ability to wait for the right moment.

      
So even for long term investors, this is not the time to buy.
   

Wait!

Bitcoin will crash and the peak is ONLY a good $7,500? Sure NO! As you may have read by now, Bitcoin already reached as high as $7,900 +++. What then can you say about that price? You can only predict so much but you cannot limit what Bitcoin's price will be in the long run. I have always believed it will increase more than its initial price offering. Perhaps that belief of mine turned into a reality. Create your own belief, and watch it take place. The only limit is the limit you set yourself.

[CohY4ohvoh]

No one can make point and say this is Peak point and price must down . it is only simple demand and supply and till now bitcoin have high demand that mean price will keep increase

[audaciousbeing]

Ever since the break of this thread, I have been waiting to see him to be correct of the $7500 which was set as the peak in the Op but unfortunately, its either price refuses to give up or the 'whales' decides to keep pumping irrespective of what Op has predicted. When it comes to wishful thinking, even though that is not backed by objective evidence, there is always a push in that direction based on what people feels.

When companies are launching their Initial Public Offering, they engage on series of advertisements, road shows, gatherings, cocktails in other to get people who matter in the society or the business world to give a say in their stock price. With all these going, despite its a mere expression of opinion, there is always a feel on how people and market will react to such stock. The same thing applies to bitcoin when the price will fall, the panic is always abound and the price will continue to fall but the moment the market attitude changes, thing begins to look better and that is what is happening to bitcoin and not mere wishful thinking.

[Coffee135]

Bitcoin Price - all years
https://www.coindesk.com/price/

Many people here have a wrong concept about long term investment, that it only mean to  buy-and-hold - holding no matter what. The term investment itself implies a wise decision. The first cardinal principle of investment is:
   

Invest for profit.

I do not know how to comment on "investors" who do not care much about profit.

   Short-term Trading:
There are indeed short and long term investment. Short term investment is speculation in very volatile markets -  to make profits by buy-low and sell-high in a time span of a day or even just hours. The greater the volatility, the better it is for the such traders. But such short term trading is only for the very sharp traders - it is a zero sum game (with crypto, it should be done by bots - program trading). Short term traders do not take the risk of holding bitcoin balances; they only ride a rising market as in the past months. Thus short term trading may only be profitable in a rising market, never in a falling bear market.

   Long-term Investment:
Long term investment means to buy a commodity that holds value in the future. A proper investment implies knowing when to buy and when not to buy. Just because we "buy-and-hold" does not mean that, whenever we have some spare funds to invest, we immediately enter the market. Entering the market to buy with no timing consideration is no investment. We only invest to maximize profit and this may only be achieved when we have good timing. The second principle in investment:
   

Timing is important in successful investing.

.   
The need for timing applies even for long term investment.

Let's assume we agree that bitcoin is a good long term investment - it's value in the long term will always rise. But don't forget that nearly all commodities rise in the long term. Even prices of coal, corn and pork belly would rise in the long term because of the nature our fiat system. So, even buying bitcoin still is very dependent of timing if you "care" to make profits.

Many here think that, because bitcoin will surely have an increased value in the long term, any moment is a correct moment to buy. It is not! What if the current price of $7000  is the peak and it  crashed to a low of a $1000 in 2020. It recovers to $7000 in 2025. You'll be in the red for 8 years! That's not good long term investment! Ok, it is only a "what if".

So for these so-called long term "buy-and-hold" bitcoin purists, the question now is :
   

Is this the time to buy?

Go to the link above and see the chart for the bitcoin price for all years. You must know how to zoom in at the frame around 2014 covering the rise and crash about Dec 2013 (Mt. Gox period). The market rose from $120 to $900 and crashed back to ±$230 about 2015. Only when you zoomed in will you see the similarity between that rally and this - they are similar (only visually evident when you zoomed in because of scale difference).

This current rally is the same as the one in 2013, the only difference is the scale:
   

The current rally is an exponential rise.

All financial markets that rise exponentially will crash - even for the best of investment medium. It is almost a law of nature, just like the law of large numbers and the return to the norm.
   

This Bitcoin price of $7000 is the peak and it must crash.

   

A third cardinal principle of investment:
      

Good timing requires patience and the ability to wait for the right moment.

      
So even for long term investors, this is not the time to buy.
   

Wait!

Bitcoin will crash and the peak is ONLY a good $7,500? Sure NO! As you may have read by now, Bitcoin already reached as high as $7,900 +++. What then can you say about that price? You can only predict so much but you cannot limit what Bitcoin's price will be in the long run. I have always believed it will increase more than its initial price offering. Perhaps that belief of mine turned into a reality. Create your own belief, and watch it take place. The only limit is the limit you set yourself.

It seems to me that a lot of people have turned bitcoin into the faith. They pray on the call bitcoin price forecast bitcoin in a totally inadequate scale. I think this is a mistake. Bitcoin is a tool for acquiring freedom and the ability to build a new economy. But in any economy the money needs to turn around. If you keep your coins any economy will stop. We handle all of the bitcoin bubble.

[chip1994]

Bitcoin Price - all years
https://www.coindesk.com/price/

Many people here have a wrong concept about long term investment, that it only mean to  buy-and-hold - holding no matter what. The term investment itself implies a wise decision. The first cardinal principle of investment is:
   

Invest for profit.

I do not know how to comment on "investors" who do not care much about profit.

   Short-term Trading:
There are indeed short and long term investment. Short term investment is speculation in very volatile markets -  to make profits by buy-low and sell-high in a time span of a day or even just hours. The greater the volatility, the better it is for the such traders. But such short term trading is only for the very sharp traders - it is a zero sum game (with crypto, it should be done by bots - program trading). Short term traders do not take the risk of holding bitcoin balances; they only ride a rising market as in the past months. Thus short term trading may only be profitable in a rising market, never in a falling bear market.

   Long-term Investment:
Long term investment means to buy a commodity that holds value in the future. A proper investment implies knowing when to buy and when not to buy. Just because we "buy-and-hold" does not mean that, whenever we have some spare funds to invest, we immediately enter the market. Entering the market to buy with no timing consideration is no investment. We only invest to maximize profit and this may only be achieved when we have good timing. The second principle in investment:
   

Timing is important in successful investing.

.   
The need for timing applies even for long term investment.

Let's assume we agree that bitcoin is a good long term investment - it's value in the long term will always rise. But don't forget that nearly all commodities rise in the long term. Even prices of coal, corn and pork belly would rise in the long term because of the nature our fiat system. So, even buying bitcoin still is very dependent of timing if you "care" to make profits.

Many here think that, because bitcoin will surely have an increased value in the long term, any moment is a correct moment to buy. It is not! What if the current price of $7000  is the peak and it  crashed to a low of a $1000 in 2020. It recovers to $7000 in 2025. You'll be in the red for 8 years! That's not good long term investment! Ok, it is only a "what if".

So for these so-called long term "buy-and-hold" bitcoin purists, the question now is :
   

Is this the time to buy?

Go to the link above and see the chart for the bitcoin price for all years. You must know how to zoom in at the frame around 2014 covering the rise and crash about Dec 2013 (Mt. Gox period). The market rose from $120 to $900 and crashed back to ±$230 about 2015. Only when you zoomed in will you see the similarity between that rally and this - they are similar (only visually evident when you zoomed in because of scale difference).

This current rally is the same as the one in 2013, the only difference is the scale:
   

The current rally is an exponential rise.

All financial markets that rise exponentially will crash - even for the best of investment medium. It is almost a law of nature, just like the law of large numbers and the return to the norm.
   

This Bitcoin price of $7000 is the peak and it must crash.

   

A third cardinal principle of investment:
      

Good timing requires patience and the ability to wait for the right moment.

      
So even for long term investors, this is not the time to buy.
   

Wait!

Bitcoin will crash and the peak is ONLY a good $7,500? Sure NO! As you may have read by now, Bitcoin already reached as high as $7,900 +++. What then can you say about that price? You can only predict so much but you cannot limit what Bitcoin's price will be in the long run. I have always believed it will increase more than its initial price offering. Perhaps that belief of mine turned into a reality. Create your own belief, and watch it take place. The only limit is the limit you set yourself.

Bitcoin has jumped to $8,000 recently and there are a lot of traders still believe the price of Bitcoin can increases more. Those people don't think the price of Bitcoin will stop at this price, they predict the price of Bitcoin can reaches at $10,000 and $100,000 in next few years.

[buysellcoins]

Bitcoin Price - all years
https://www.coindesk.com/price/

Many people here have a wrong concept about long term investment, that it only mean to  buy-and-hold - holding no matter what. The term investment itself implies a wise decision. The first cardinal principle of investment is:
   

Invest for profit.

I do not know how to comment on "investors" who do not care much about profit.

   Short-term Trading:
There are indeed short and long term investment. Short term investment is speculation in very volatile markets -  to make profits by buy-low and sell-high in a time span of a day or even just hours. The greater the volatility, the better it is for the such traders. But such short term trading is only for the very sharp traders - it is a zero sum game (with crypto, it should be done by bots - program trading). Short term traders do not take the risk of holding bitcoin balances; they only ride a rising market as in the past months. Thus short term trading may only be profitable in a rising market, never in a falling bear market.

   Long-term Investment:
Long term investment means to buy a commodity that holds value in the future. A proper investment implies knowing when to buy and when not to buy. Just because we "buy-and-hold" does not mean that, whenever we have some spare funds to invest, we immediately enter the market. Entering the market to buy with no timing consideration is no investment. We only invest to maximize profit and this may only be achieved when we have good timing. The second principle in investment:
   

Timing is important in successful investing.

.   
The need for timing applies even for long term investment.

Let's assume we agree that bitcoin is a good long term investment - it's value in the long term will always rise. But don't forget that nearly all commodities rise in the long term. Even prices of coal, corn and pork belly would rise in the long term because of the nature our fiat system. So, even buying bitcoin still is very dependent of timing if you "care" to make profits.

Many here think that, because bitcoin will surely have an increased value in the long term, any moment is a correct moment to buy. It is not! What if the current price of $7000  is the peak and it  crashed to a low of a $1000 in 2020. It recovers to $7000 in 2025. You'll be in the red for 8 years! That's not good long term investment! Ok, it is only a "what if".

So for these so-called long term "buy-and-hold" bitcoin purists, the question now is :
   

Is this the time to buy?

Go to the link above and see the chart for the bitcoin price for all years. You must know how to zoom in at the frame around 2014 covering the rise and crash about Dec 2013 (Mt. Gox period). The market rose from $120 to $900 and crashed back to ±$230 about 2015. Only when you zoomed in will you see the similarity between that rally and this - they are similar (only visually evident when you zoomed in because of scale difference).

This current rally is the same as the one in 2013, the only difference is the scale:
   

The current rally is an exponential rise.

All financial markets that rise exponentially will crash - even for the best of investment medium. It is almost a law of nature, just like the law of large numbers and the return to the norm.
   

This Bitcoin price of $7000 is the peak and it must crash.

   

A third cardinal principle of investment:
      

Good timing requires patience and the ability to wait for the right moment.

      
So even for long term investors, this is not the time to buy.
   

Wait!

Bitcoin will crash and the peak is ONLY a good $7,500? Sure NO! As you may have read by now, Bitcoin already reached as high as $7,900 +++. What then can you say about that price? You can only predict so much but you cannot limit what Bitcoin's price will be in the long run. I have always believed it will increase more than its initial price offering. Perhaps that belief of mine turned into a reality. Create your own belief, and watch it take place. The only limit is the limit you set yourself.

Bitcoin has jumped to $8,000 recently and there are a lot of traders still believe the price of Bitcoin can increases more. Those people don't think the price of Bitcoin will stop at this price, they predict the price of Bitcoin can reaches at $10,000 and $100,000 in next few years.

$10,000 seems possible maybe next year 2018 between jan or feb but $100,000 is not a reality   Those analyst that are predicting the $100,000 is pretending to be know it all kind of person but let see if bitcoin crashes back to let say $5000 or $1000 they will just keep quiet hahaha

[shivansps]

I absolutly agree with the assumption that bitcoin can go to $10k early next year

[Freegan]

   

This Bitcoin price of $7000 is the peak and it must crash.

   

A third cardinal principle of investment:
      

Good timing requires patience and the ability to wait for the right moment.

      
So even for long term investors, this is not the time to buy.
   

Wait!

Unfortunately, there are still many people who believe in this kind of "expert advice" and get carried away by ignorance and supposed "common sense". Remember that the bitcoin market is very new compared to the veteran stock, metals or commodities market, so analysts always fail when trying to analyze the future behavior of bitcoin in terms of the old school of technical and fundamental analysis.

But those who let themselves be guided, surely will be regretting their bad decision.

[Drixy]

No one can make point and say this is Peak point and price must down . it is only simple demand and supply and till now bitcoin have high demand that mean price will keep increase

Yeah bitcoin wil grow and grow no one can stop it unless they collaborate theur funds to take down bitcoin. Although they cannot make aasumptions to what bitcoin will be though i guess bitcoin will not reach near $10000 this year because bitcoin will possibly go lower value cause of christmass many will sell bitcoin and bitcoin will probably go down again.

[RealPhotoshoper]

Maybe you have your own differences with bitcoin going up above $8k, but bitcoin doesn't seem bothered, the price of bitcoin is going high and reaching to $8k+ by the end of the month cause $7.5k has been surpassed.

Since bitcoin price at below $10 , $100 , $1,000 people says same thing about how bitcoin price should get dropped.
But the reality says different , it keeps growing uncontrolled until today there is no other strong reason why the market must crash.
We are on superb confidence , heading to the next level market price.

[michellee]

every people have their own opinion and if the op said like that, I think we can only prepare if this will be happen but I don't think that many people want this is happen. bitcoin can decrease the price and back to bottom price but bitcoin is also have opportunity to increase more than the price now. so i think whatever will be happen, we need to prepare for the worst thing like i said before so we don't get shock when the price is drop too far.

[sana54210]

No one can make point and say this is Peak point and price must down . it is only simple demand and supply and till now bitcoin have high demand that mean price will keep increase

No one at all and the highest we can ever do is to speculate. As the demand keeps increasing, then we will obviously keep seeing the value increasing the more.

However, I really do not see why bitcoin's supply will drop as long as there is value for it and there is a lot of usage for the currency in as much as a larger percentage of people still ends up seeing it as a store of value. We should expect more growth for bitcoin and as far as I am concerned, we are not even close to any peak.

[wuvdoll]

Bitcoin still can go up from this point or even it's possible to double in term of value,
many people still do not know about Bitcoin and lately some countries trying to get involved.
for example japanese,
they're regulating their exchanger and slowly monitoring the movement,
which mean slowly but sure Bitcoin get recognized by goverment and peoples.
so the its true value far from right now,
i believe it will be huge in upcoming days

Doubling in terms of value this year is something we should not really expect that much though, but by next year, this is something that is very much attainable and looking at the same scenario that played out this year playing out again next year although sounds unrealistic, would surely create a lot of huge growth for bitcoin the more.

After all, as the value keeps increasing, the less we keep seeing some 3 - 8x growths in the value of bitcoin like the 8x we saw this year.

[ReLieD]

Everytime people think the same and nothing happens. That time they were talking about 7.5k and today people are talking about 8.5k and who knows tomorrow they talk about 10k . Just think yourself, what happens if it drops down. Don't you feel that after a month or so it will rise back up again and reach a much greater height? Then why discuss this issue which doesn't lead us anywhere.