The Bitcoin CRASH is coming!

[wisdomcn]

for beyond any doubt despite everything I trust bitcoin is as yet well known and utilized by many individuals speculation, and more prominent among individuals from various nations. I'm certain the cost isn't probably going to go down considerably further or will be slammed, regardless of whether it lose on its esteem, I think it is incomprehensible. Obviously, behind a something that is so well known. there will unquestionably be a danger or something that endeavored to keep down on its advancement or its prevalence.

[Realist247]

Hmmm...
Bitcoin will crash, eh ?

Methinks I've heard that before :

BTC hits $100 - "it'll crash soon"
BTC hits $200 - "certainly crash soon"
BTC hits $500 - "gunna crash real soon"
BTC hits $1,000 - "must crash soon"
BTC hits $2,000 - "crash soon now"
BTC hits $5,000 - "for sure crash very soon"
BTC hits $10,000 - "definite crash coming"
BTC hits $20,000 ...

Note that you conveniently jumped over $1400 where BTC spiked and then crashed down to as low as $200 and stayed there for nearly 3 years.  If history repeats itself in this market driven by few fundamentals, we could easily be looking at $14,000 fall to $2,000....and there's nothing fundamental that would prevent that from happening...especially with the kind of people pouring in money at this point.

That's correct, but probably this is not going to be the trend.

We believe in Crypto Currencies.
Crypto Currencies are the new "Anonymous PayPal" and PayPal has only grown since it was established.

The way to transfer money on Friday night which arrives only on Monday morning (assuming there is no bank holiday) between 1 country and another is definitely going to change.

So Crypto is the future, but Altcoins will supersede Bitcoin, just wait and see - people drop all their Altcoins to buy BTC as a part of a "sheep effect" but look at the fundamentals.

The ability to transfer money across borders and essentially completely circumvent Customs is a very big deal.  Governments are not going to announce crackdowns and draconian capital controls...especially in "free" countries.  They are going to quietly introduce them in health care bills and tax bills with little or no mainstream media reporting.  This is an enormous fundamental negative.  China is watching 64% of its millionaires that have declared that they intend to move their capital abroad.  It is inflating the housing markets in Australia and Canada to obscene levels where local governments are being forced to implement 15% VAT on incoming funds.

Believing in crypto is fine.  But ignoring how swift and ruthlessly governments can swoop in and cooperate with one another to put a stop to capital flight is an enormous fundamental mistake.  Look at FATCA in the USA.  Hong Kong banks will not even open bank accounts for Americans due to FATCA regulations.  I've heard other nations no longer accept American accounts.  Once other nations start cutting deals with one another to crack down on cryptos circumventing Customs it will cause a nightmare for the cyrptosphere.  What's the use of crypto to transfer money if it needs to be converted to fiat at one point or another and the limit is $10,000 before it gets reported to the FEDS or the banks freeze the account for "suspicious" activity?

This is going to get very ugly and stay that way...until crypto can be exchanged globally without being used as a fiat intermediary.  So the idea of running into a proverbial brick wall due to limited utility use could cause periodic and large exoduses from time to time.

[diegodos]

it is possible that the pump is the bit for the launch of the futures on December 18. And after a peak point or somewhere in the area of Christmas goes hard (or not hard, but long) drain. For this you need to be prepared.

[CoinOnTheBeach]

If Bitcoin is going to fly fly fly ... to the moon ... then expect more and more businesses to drop it and stop using it.

that is a very valid point.
in terms of usability the hike in price is not a good news.
for trading purposes a more steady coin is needed.

which means that bitcoin will be more of an investment token not a coin that we will be making business transactions in.
which leave us with ... ripple?

[Get-Paid.com]

If Bitcoin is going to fly fly fly ... to the moon ... then expect more and more businesses to drop it and stop using it.

that is a very valid point.
in terms of usability the hike in price is not a good news.
for trading purposes a more steady coin is needed.

which means that bitcoin will be more of an investment token not a coin that we will be making business transactions in.
which leave us with ... ripple?

Yes, that's what we use for our faucet as mentioned in the very first post in this thread.
Ripple solves lots of problems that Bitcoin cannot solve, one of them is sending micro transactions for such a small fee.

In fact at the current rates we are converting more of our BTC to XRP, because we firstly need it for our faucet and secondly because BTC/XRP has never seen rates like this and it's a good thing to take advantage of it.

[percy_tc]

BTC is still low market cap compared the world economy, BTC is the closest to be a daily used digital crypto, ripple is not (yet).

[Turkish88]

guys bitcoin crash already gone some weeks ago when segwit2x canceled. Bitoin was dead for some seconds when someone says - the future behind the bitcoin cash
Next crash will be when segwit2x try complete his work again

[JayT22]

i am still awaiting the crash since months to get some cheap btc again.maybe btc will be stable at 15k $ but nobody knows!,every day a lot of new want to have btc so it can be than btc wont stop increase soon.

[darklus123]

Great point. I've been telling my friends amd workers about it. All of us agreed that now the current bitcoin situation is defeating all the purpose of why did satoshi san created this currency in the first place. Unlike before now I can't even dare to send my btc for any transaction

[Chanock]

I think it's hard to predict what will be happen on bitcoin. Maybe speculation is more enough about bitcoin and the expectation in bitcoin is much more than achieve the speculation of people regarding the bitcoin price hike. Yeah, maybe people are expecting a lot on bitcoin what will be next on the price hike of bitcoin.

[thirdprize]

AFAIK you can't do anything more with BTC now than you could when it was $1000.  I think the whole ICO and forking thing has brought a lot of people in looking for a quick buck.  Their loss when it all goes south.

[Zebra.Guy]

Hmmm...
Bitcoin will crash, eh ?

Methinks I've heard that before :

BTC hits $100 - "it'll crash soon"
BTC hits $200 - "certainly crash soon"
BTC hits $500 - "gunna crash real soon"
BTC hits $1,000 - "must crash soon"
BTC hits $2,000 - "crash soon now"
BTC hits $5,000 - "for sure crash very soon"
BTC hits $10,000 - "definite crash coming"
BTC hits $20,000 ...

Actually what happened when BTC hit one thousand was a year-long deep going down to 200 if I recall correctly, so it fully deserved a word "crash". Actually I would be expecting something similar to happen at the levels we are having now too: a deep to, say, 2000. And then, after the deep,  we could wittness a prolonged run to, say, 100 000

[stunvn]

There are too many people want it crash to buy it at cheaper price But it always rise..

So scary.

[Get-Paid.com]

Great point. I've been telling my friends amd workers about it. All of us agreed that now the current bitcoin situation is defeating all the purpose of why did satoshi san created this currency in the first place. Unlike before now I can't even dare to send my btc for any transaction

Well said.
We are going to sell more BTC and buy more XRP today.

As we mentioned we believe in Crypto Currencies, we just don't believe in this current hype but if the market feels like inflating the price by so much - sure, by all means, give us more XRP. 

[Get-Paid.com]

Reminder - the Fed should announce an interest rate rise next week, next week Bitcoin would be listed on future contracts in several stock exchanges - it's going to be very interesting.

[RayvenPierre]

There will be a price correction once the pump has been over and we should be expecting around $1000 - $2000 price correction given how much the price has increased. As for bitcoin crashing, I don't see that happening. I mean come on man we all know that bitcoin is highly market oriented and it will be there as long as people use it and there are people mining it, people would probably even use it even after all the bitcoins have been mined. There will be big dips but I don't see bitcoin crashing, at least not now or in the next 25 years.

[Dani33]

I didn't expect me for this whole growth but with these presuppositions I would not surprise me if it climber more and more yet

[Lucius]

I really do not know why someone wants to open such thread with this title "The Bitcoin CRASH is coming!" when after every price increase or pump we have price correction,which is quite normal.Besides, everyone has the opportunity to profit from this pump,old investor or people who bought BTC just few days ago.What exactly will bring bitcoin futures and how will this affect on BTC long term we can only speculate.

I think bitcoin proved and showed its resistance and strength through the years,another correction will mean nothing.Anyone who thinks otherwise sell BTC for fiat or buy some other coin.

[Get-Paid.com]

There will be a price correction once the pump has been over and we should be expecting around $1000 - $2000 price correction given how much the price has increased. As for bitcoin crashing, I don't see that happening. I mean come on man we all know that bitcoin is highly market oriented and it will be there as long as people use it and there are people mining it, people would probably even use it even after all the bitcoins have been mined. There will be big dips but I don't see bitcoin crashing, at least not now or in the next 25 years.

When people buy bitcoin for investment purposes and not as means to transfer funds, then this "investment" takes a different route and instead of becoming the "Anonymous PayPal" that would be in the future - it turns into a ponzy scheme.

The product can serve well for 20 years but when "the market" (miners, China, those who decide to approve/disapprove forks) is turning things in a shady way - then you can certainly expect them to be shady.

[Get-Paid.com]

Anyone who thinks otherwise sell BTC for fiat or buy some other coin.

Indeed that's what we do:

We are going to sell more BTC and buy more XRP today.